Solution-Prepare a statement of profit or loss for the game

Prepare a statement of profit or loss for the game last year

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Reference no: EM132659683

Magic Realm Ltd has developed a new fantasy board game. The company sold 17,000 games last year at a selling price of £17,000 per game. Fixed costs associated with the game total £195,500 per year, and variable costs are £6 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.

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Problem 1: Prepare a statement of profit or loss for the game last year.

Reference no: EM132659683

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Prepare a statement of profit or loss for the game last year

Reference no: EM132659683

Reference no: EM132659683

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