Answer to Question #70775 in Accounting for deepika dwivedi
The sales and profit of ABC Ltd for two successive years is as follows: Previous Year (Rs in lakhs) Current Year (Rs in lakhs) Number of units sold 15,000 20,500 Sales 37,500 5,125 Profit/Loss 825 1,178.75 On the basis of the information given above you are required to determine: (a) The amount of fixed costs incurred by the firm. (b) The Break Even point for the firm (both in rupees & units). (c) The amount of sales to earn a profit of Rs 25 crores. (d) Margin of Safety if actual sales of ABC Ltd is 17.5 crores.
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