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The following information relates to the accounts of Golden Dragon Ltd. Sales............ Profit........ July $560,000 $220,000 Required (a) Estimate the monthly fixed costs of
The following information relates to the accounts of Golden Dragon Ltd. Sales............ Profit........ July $560,000 $220,000 Required (a) Estimate the monthly fixed costs of the company Estimate the profit achievable if sales is $650,000. August $740,000 $340,000 (b) Question 6 Total Total Total Unit Unit Volume Variable Fixed Cost Variable Fixed in Units Cost Cost Cost Cost Product (TVC) (TFC) (TC) (UVC) (UFC) (V) 1. (a) $50,000 $120,000 (b)_ $5 (c). 2. $100,000 (d)_ (e) (f)_ $4 50,000 3. $15,000 (g). $165,000 $15 (h) _ (i) 4. (j) $100,000 $800,000 (k) (L) _ 20,000
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To estimate the monthly fixed costs of Golden Dragon Ltd we can use the formula Total Fixed Costs TF...
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
