question archive Calculate the amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs
Subject:AccountingPrice:2.84 Bought3
Calculate the amount of sales when variable costs are equal to 70% of sales and fixed costs are equal to Rs. 30,000. Ans: 100000
Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March.
Sales (17,000 units) |
Rs. 2,210,000 |
Variable Expenses |
1,530,000 |
Contribution Margin |
680,000 |
Fixed Cost |
250,000 |
Net Profit |
430,000 |
If the company sells 19,000 units, its net operating income should be closest to:
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