Question
Selling price per unit = ₹50, Variable cost = ₹30,
Fixed cost = ₹1,00,000. Calculate break-even sales and contribution margin ratio.Solution
CM/unit = ₹20; BEP units = 1,00,000/20 = 5,000 units = 5,000×₹50 = ₹2,50,000; CM ratio = 20/50 = 40%
In which section of Income Tax Act the term ‘Assessment’ is defined?
Which of the following is not regarded as a legal rule for a valid acceptance?
What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
Which of the following categories of inventory are generally reported by companies in their financial statements?
With respect to standard costing, which of the following statement is incorrect?
The life of the business is split into smaller intervals as per which of the following accounting concepts?
In relation to auditing concepts, which of the following statements is INCORRECT?
A company has the following inventory data for a product:
• Opening Stock: 500 units @ ₹50
• Purchases: 1,000 units @ ₹55
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An investment of ₹20,00,000 is projected to yield the following annual net incomes: Year 1: ₹3,00,000; Year 2: ₹4,00,000; Year 3: ₹5,00,000. Cal...
Sales = ₹200 lakhs, Variable cost = ₹120 lakhs, Fixed cost = ₹30 lakhs
Interest = ₹10 lakhs
Calculate (i) Operating Leverage and (...
