Mr. Mahesh has a sum of ₹3,00,000 which invested in a business. He wishes 15% return on his fund. It is revealed from the present cost data analysis that variable cost of operation are 60% of sales and fixed costs are ₹1
CS Executive · Cost and Management Accounting · PYQS · June 2017
Mr. Mahesh has a sum of ₹3,00,000 which invested in a business. He wishes 15% return on his fund. It is revealed from the present cost data analysis that variable cost of operation are 60% of sales and fixed costs are ₹1,50,000 p.a. On the basis of this information, you are required to find out the sales volume to earn 15% return.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Marginal Costing
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