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The following is the regular income statement for the first quarter of 2018 belonging to Al Sharq Electrical Appliances :: Income statement for the period
The following is the regular income statement for the first quarter of 2018 belonging to Al Sharq Electrical Appliances::
Income statement for the period ending in 31/03/2018
Statement | Partial (OMR) | Total (OMR) |
|
| 1600000 800000 |
Total revenue Operation costs Selling expenses Administrative expenses |
400000 200000 | 800000 600000 |
Operating Revenue |
| 200000 |
If you know the following:
- The selling price of one piece is 8,000 riyals, and the company uses half of its available capacity
- The variable cost per piece is 750 riyals in relation to selling expenses, and the remainder of it is fixed costs.
- Administrative expenses are 25 of it is a variable and 75% is fixed.
Find:
Prepare an income statement on the basis of the contribution
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