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The following data has been taken out from the record of Osman Bros., based on the financial result for the year ending 30 th June

The following data has been taken out from the record of Osman Bros., based on the financial result for the year ending 30th June 2008:

Breakeven sales Rs.2,000,000

Contribution margin ratio 40%

Profit for the year ending 30th June 2008 Rs.320,000

Required:

i. Calculate the following:

  1. Fixed expenses for the year.
  2. Sales for the year
  3. Variable expenses for the year
  4. Margin of safety ratio.

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