Nizwa Co. has the following information available for December 2019: Unit selling price of a TV unit OMR 2,000 Unit variable costs OMR 500 Total fixed costs OMR 240,000 Units sold 400 The total net income is: Select one: O a. 210,000 O b. 460,000 C. None of the answers are correct d. 242,000

Nizwa Co. has the following information available for December 2019: Unit selling price of a TV unit OMR 2,000 Unit variable costs OMR 500 Total fixed costs OMR 240,000 Units sold 400 The total net income is: Select one: O a. 210,000 O b. 460,000 C. None of the answers are correct d. 242,000

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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Or The cost and revenue information of India Company for the last year (2022) is provided below: Sales units - 200 units, Selling price per unit - 1500 dollars, Number of units produced 200 units, DM - $850 per unit, DL - $115 per unit. Var MOH- $20 per unit. Fixed MOH- $45,000, Var Selling and Adm Exp = $15 per unit, Fixed S&A Exp = $15.000, A.) Prepare CVP Income Statement. B.) Calculate BEP in Units and BEP in dollars. C.) What is the margin of safety ratio of India Co.? D.) Calculate the degree of operating leverage and explain what happens to NI if sales increase 10% and decrease 10%.
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A business received an offer from an exporter for 10,000 units of product at $17.50 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data is available: Domestic unit sales price $20 Unit manufacturing costs: Variable 11 Fixed 1 What is the amount of gain or loss from acceptance of the offer? a $65,000 gain b $50,000 loss c $30,000 loss d $20,000 loss
For April 2021, the actual cost per ASM (available seat mile) for Southwest Airlines was approximately 12.30. This as our best estimate of marginal cost, and assuming the price elasticity of demand is -3.5, find the profit maximizing air fare for Southwest Airline. A. $16.5. B. $17.22 C. $26.5. D. $35.5. E. $45.5.
5. In 2020, Lalli Corporation incurred R&D costs as follows: Materials and equipment P100,000 Personnel 100,000 Indirect costs 50,000 P250,000 These cost relate to a product that will be marketed in 2021. The Company estimates that these costs will be recouped by December 31, 2024. Required What is the amount of R&D costs expense in 2020?
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs Year 2018 2019 2020 Miles 500,000 600,000 700,000 Operating Costs $320,000 $370,000 $420,000 What is the best estimate of fixed costs for fleet operating expenses using the high-low method? $100,000 $370,000 $70,000 $200,000
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