Question

MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 8 GIVEN: VC/UNIT 66 VC % 75.00% FC 396,000 TAX RATE 30% AFTER-TAX NI 141,680 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA % PER UNIT SALES 100.00% VC 75.00% CM 25.00% FC 100.00% TAX 30.00% AT 70.00% PROBLEM 7B 27,200 TOTAL UNITS = 2,393,600 1,795,200 598,400 396,000 202,400 60,720 141,680 PT GIVEN VC/UNIT 66 VC % 75.00% FC 396,000 TAX RATE 30% AFTER-TAX NI 203,280 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA % PER UNIT SALES 100.00% VC 75.00% CM 25.00% FC PT 100.00% TAX 30.00% 70.00% 31,200 TOTAL UNITS = 2,745,600 2,059,200 686,400 396,000 290,400 87,120 203,280 AT

Please showing the solution in steps

Answer 1

Answer for Q8:

No of Units : 27,200

Particulars	Steps	Amount
Income:
Sales	27200*88	23,93,600
Total Revenue :	A	23,93,600
Expenses:
VC	27200*66	17,95,200
FC	Given in quest	3,96,000
Other Expenses		-
Total Expenses:	B	21,91,200
Net Income Before Tax	A-B	2,02,400
Tax Expense	202400*30/100	60,720
Net Income After Tax		1,41,680

Answer for Q7B:

No. of Units: 31,200

Particulars		Amount
Income:
Sales	31200*88	27,45,600
Total Revenue :	A	27,45,600
Expenses:
VC	31200*66	20,59,200
FC	Given in quest	3,96,000
Other Expenses		-
Total Expenses:	B	24,55,200
Net Income Before Tax	A-B	2,90,400
Tax Expense	290400*30/100	87,120
Net Income After Tax		2,03,280