The following is Siyaya Corporation's contribution format income statement for last month: Sales R2 800...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The following is Siyaya Corporation's contribution format income statement for last month: Sales R2 800 000 Less variable expenses (R1 680 000) Contribution margin R1 120 000 Less fixed expenses (R780 000) Net income (profit) R340 000 A total of 56 000 units were produced and sold last month. The company has no beginning or ending inventories. Required: (a) What is the contribution per unit and the contribution to sales ratio? (6) (b) What is the companys breakeven in sales
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.