Decision and Control - Practice assesment 1:6

KAF
KAF Registered Posts: 32
in Management Accounting: Decisions and Control
Could someone help me out with this question please?

It's for the Practice assesment 1 question 6 a

I know how to work out the COS but after that i'm a bit lost.


Comments

  • Waiwai86
    Waiwai86 Registered Posts: 15 New contributor 🐸
    HI

    COS = 1825000
    Profit 20%

    So COS is 80%

    100
    80 = 1825000

    100 / 80 x 1825000 = 2281250 sales value

    Remember you always put the percentage you do not have a value for first in the calculator ie in this case sales value 100

    If you had the sales value it would be 80/100 x 2281250 = COS 1825000

    Hope this helps!
  • KAF
    KAF Registered Posts: 32
    Thank you so much, that’s really helpful. Great tips as well about putting the percentage you don’t have in first.
  • Mannaesi
    Mannaesi Registered Posts: 80
    @KAF SORRY for attacking your post dear,,,,thought maybe this could also be helpful to you

    can somebody help with the working for Total fixed overhead variance
  • Mannaesi
    Mannaesi Registered Posts: 80
    @KAF SORRY for attacking your post dear,,,,thought maybe this could also be helpful to you

    can somebody help with the working for Total fixed overhead variance
  • Mannaesi
    Mannaesi Registered Posts: 80
    @KAF SORRY for attacking your post dear,,,,thought maybe this could also be helpful to you

    can somebody help with the working for Total fixed overhead variance
  • Mannaesi
    Mannaesi Registered Posts: 80
    Due to network i asked the same question more than 1 time but please view the Variance discussion for more details
  • MOSB
    MOSB Registered Posts: 26 Regular contributor ⭐
    Waiwai86 said:

    HI

    COS = 1825000
    Profit 20%

    So COS is 80%

    100
    80 = 1825000

    100 / 80 x 1825000 = 2281250 sales value

    Remember you always put the percentage you do not have a value for first in the calculator ie in this case sales value 100

    If you had the sales value it would be 80/100 x 2281250 = COS 1825000

    Hope this helps!

    How do you know COS is 182500??

    This seems to be a ridiculously hard question.

    how on earth are you supposed to get sales?

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