Company Rontomax maintains its accounts in Delhi head office. All the records of Rontomax are safely kept in this office only. In the 2nd quarter…

Company Rontomax maintains its accounts in Delhi head office. All the records of Rontomax are safely kept in this office only. In the 2nd quarter Delhi office went under repair. Thus, for the 2nd quarter records were maintained in Gurugram branch office. This branch's main work is to bring business to the company and thus generally no records are maintained in this branch office. So for 2nd quarter all the records were recorded and maintained in this Gurugram office only. At the end of 2nd quarter, fire broke out in this branch and unfortunately all the records were burned. In the beginning of 3rd quarter a board meeting was going to be conducted and performance of 2nd quarter were to be discussed. Company secretary, Mr. Manoj, was responsible for preparing a report of performance to be presented to the board. Now he is under immense pressure as the records were burned and thus he was not able to prepare a performance report. Manoj contacted the Delhi head office and received a copy of 1st quarter records. He also got some information through emails shared between head office and branch office. He somehow got a lot of information but this information doesn't make any sense as it is in parts and pieces. He called out for help of Finance and cost head, Miss Bharti, who is also a Chartered accountant. Now both of them are at task to work out this information and be able to present a summary performance report to be presented to the board in the board meeting. Data that Manoj was able to gather was: Rontomax garnered revenue of 80,00,000 in 1st quarter of 2023. Its tax provision expense was - 4,50,000 calculated on earning before tax in the same period.Cost of Goods Sold (COGS) and Operating expenses in 1st quarter were - 38,00,000 and - 12,50,000 respectively.Quarterly interest expense was - 1,50,000.Non-operating expense other than interest was - 13,00,000 in the 1st quarter.Selling price was reduced by 8% & no. of units sold increased by 25% from 1st quarter to 2nd quarter.Variable cost per unit for maintaining the day-to-day business operations is 30% of variable cost per unit of producing the goods.EBIT per unit for 2nd quarter is 38.857 which has gone down by - 8.285 from 1st quarter. Manoj tells Bharti about the general format of questions that board asks from him, every quarter. So, they decide to find out the answers of such questions before-hand so that meeting can be conducted smoothly. Following are those questions that they are seeking for solutions. Consider yourself as their assistant trainee and help to find these answers (MCQs 5 to 10).