QUESTION 2 Ahmad is selling shoes in IOI Malls. If the selling price (SP) per shoes is RM20 per unit and total quantity sold were 500,000 units. The fixed cost (FC) involved were RM40,000 with a variable cost (VC) of RM10 per unit. a) Calculate the Total Revenue (Gross Profit). b) Calculate the Total Cost. c) Calculate the Net Profit.

QUESTION 2 Ahmad is selling shoes in IOI Malls. If the selling price (SP) per shoes is RM20 per unit and total quantity sold were 500,000 units. The fixed cost (FC) involved were RM40,000 with a variable cost (VC) of RM10 per unit. a) Calculate the Total Revenue (Gross Profit). b) Calculate the Total Cost. c) Calculate the Net Profit.

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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