3. Suraj Mehta Suraj Mehta sells various pottery items at regional craft fairs. His fixed...
60.1K
Verified Solution
Link Copied!
Question
Accounting
3. Suraj Mehta Suraj Mehta sells various pottery items at regional craft fairs. His fixed costs (depreciation on the kiln, utilities, tools, portable selling booth) are Rs 4,325 per year. The average price for a piece of pottery is Rs 6.50, and the average variable cost (e.g., clay, paints, glazes, and price tags) is Rs 4.00 per item. 1. How many pieces of pottery must Suraj sell to just cover his expenses? 2. If Suraj wants to earn Rs 7,000 in profit, how many pieces of pottery must he sell? Prepare a variable-costing income statement to verify your
Answer & Explanation
Solved by verified expert
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!
