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6413
2014
500
20
520
2015
700
15
715
325
20
30
25
400
510
25
45
30
610
120
520
105
715
Expenses Total
Net Profit
Total
Rs.
10000
0
70000
14000
4000
1200
600
Particulars
Salary of salesman
Rs.
1800
Advertising
Travelling Expenses
Salaries office
Rent
Stationary
700
500
3000
6000
200
300
11000
Depreciation
Other expenses
Provision for tax
1000
2000
7000
2014
Rs.
Share Capital
9000
0
Bank Loan
1190
00
Current Liabilities 4600
0
2015
Rs.
9000
0
2100
00
4800
0
Assets
2014 2015
Rs.
Rs.
15500 1560
0
00
Gross Block
Less:
Depreciation
7000
Current Assets
Profit and Loss
a/c
2550
00
3480
00
1000
0
1480 1460
00
00
40000 1000
00
67000 1020
00
2550 3480
00
00
Rs.
360000
Rs. 100
Rs. 50
Rs.
100000
b) If the selling price is reduced to Rs. 90, by how much the margin
of safety reduced?
3. The sales turnover and profit during two years were as follow.
Year Sales
200
7
200
8
14000
0
16000
0
Prof
t
1500
0
2000
0
Calculate
a) P/V ratio b) Break Even Point c) Sales required to earn profit of
Rs. 40000
d) Fixed expenses and e) Profit when sales are
Rs. 120000.
At 60%
capacity
Rs.
Variable overheads:
Indirect material
Indirect labour
Semi-variable overheads:
Electricity (40% fixed 60% variable)
Repairs (80% fixed 20% variable)
Fixed overheads:
Depreciation
Insurance
Salaries
Total overheads
Estimated direct labour hours
6000
18000
30000
3000
165000
4500
15000
93000
186000
Standard
10
200
5000
2000