Describe the five basic components of financial statements

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Reference no: EM133175593

Question - The president of a company has come to you for help.

Use the following data to prepare the budgets for the sales/production levels of 10,000, 11,000, and 12,000 units.

Show the contribution margin and operating income at each activity level.

Sales price Variable costs: RM24 per unit

Manufacturing RM12 per unit

Administrative RM 3 per unit

Selling RM 1 per unit

Fixed costs: RM Manufacturing 60,000

Administrative 20,000

Describe the five (5) basic components of financial statements.

Reference no: EM133175593

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