Abu Industries developed the following information for the product it sells:Sales priceVariable cost of goods soldRM50 per unitRM28 per unitFixed cost of goods soldVariable selling expenseVariable administrative expenseFixed selling expenseFixed administrative expenseRM650,00010% of sales priceRM2.00 per unitRM400,000RM300,000For the year ended 31 December 2020, Hasanah produced and sold 100,000 units ofproduct.Required:(a) Illustrate a CVP income statement using the contribution margin format for AbuIndustries for 2020.(b) Give the FIVE (5) basiccomponents of CVP Analysis.

solution CVP analysis means cost volume profit analysis In CVP analysis the analyst analyses the…

Abu Industries developed the following information for the product it sells: Sales price Variable cost of goods sold RM50 per unit RM28 per unit Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense RM650,000 10% of sales price RM2.00 per unit RM400,000 Fixed administrative expense RM300,000 For the year ended 31 December 2020, Hasanah produced and sold 100,000 units of

Abu Industries developed the following information for the product it sells: Sales price Variable cost of goods sold RM50 per unit RM28 per unit Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense RM650,000 10% of sales price RM2.00 per unit RM400,000 Fixed administrative expense RM300,000 For the year ended 31 December 2020, Hasanah produced and sold 100,000 units of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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