The selling price for Hamza software manufacturer is $87 per unit and variable expense is $15 per unit. The company’s monthly fixed expense is $6100.
You are required to answer the following questions.
i. Calculate the company’s break-even point in unit sales.
ii. Calculate the company’s break-even point in dollar sales.
iii. If the company’s fixed expenses increase by $900, what would become the new break-even point in unit and dollar sales?
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What journal entries would be recorded for the following transactions on the dissolution of a
firm after various assets (other than cash) on the third party liabilities have been transferred to
realization account
(NCERT)
(1) Arti took over the stock worth 780,000 at 68,000.
(2) There was unrecorded bike of 40,000 which was taken over by Mr. Karim.
(3) The firm paid 40,000 as compensation to employees.
(4) Sundry creditors amounting to 36,000 were settled at a discount of 15%
(5) Loss on realizations 42,000 was to be distributed between Arti and Karim in the ratio of
3:4.
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