A company desires to sell a sufficient quantity of products to earn a profit of OMR 400,000. If the unit sales price is OMR 20, unit variable cost is OMR 12, and total fixed costs are OMR 800,000, how many units must be sold to earn net income of OMR 400,000? Select one: O a. 120,000 units O b. None of the answers are correct O c. 225,000 units O d. 90,000 units e. 150,000 units

A company desires to sell a sufficient quantity of products to earn a profit of OMR 400,000. If the unit sales price is OMR 20, unit variable cost is OMR 12, and total fixed costs are OMR 800,000, how many units must be sold to earn net income of OMR 400,000? Select one: O a. 120,000 units O b. None of the answers are correct O c. 225,000 units O d. 90,000 units e. 150,000 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A firm sell a single product for $6. Its variable cost per unit is $4 and fixed costs are $50. Ignoring income taxes, the amount of sales revenue needed for $20 profit is Select one: a. $210. b. $150. c. $35. d. $25.
Kk.1. Subject :- Accounting Assume the following (1) selling price per unit = $30, (2) variable expense per unit = $18, and (3) total fixed expenses = $55,200. Given these three assumptions, the unit sales needed to achieve a target profit of $12,000 is: Multiple Choice 5,600 units. 17,600 units. 84,800 units. 67,200 units.
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