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 contribution margin ratio is: Select one: O a. 600,000 O b. 0.25 O c. None of the answers are correct O d. 0.75 O e. 1,500

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 contribution margin ratio is: Select one: O a. 600,000 O b. 0.25 O c. None of the answers are correct O d. 0.75 O e. 1,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Answer with formulas and to be very soon
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.
H1.
X Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit $1,250 Variable cost per unit S750 Total fixed costs $14,000,000 Based on the above, the unit contribution margin is: * 40% $500 $16,000,000 O None of the above
6
Q4: Company XYZ has a choice of two machines to purchase. They both make the same product which sells for 20$. Machine A has FC of 8000$ and per unit cost of 6$. Machine B has FC of 20000$ and per .unit cost of 2$. Under what conditions would you select machine A
Show Me How E Print Item O eBook Break-Even Sales Currently, the unit selling price of a product is $370, the unit variable cost is $300, and the total fixed costs are $1,309,000. A proposal is being evaluated to increase the unit selling price to $410. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. units heck My Work 4 more Check My Work uses remaining. Previous All work saved. Email Instructor
If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. 57% O b. 29% O c. 14% O d. None of the given answers O e. 71% US PAGE NEXT PAGE 14:16 e to search a a 40) ENG 15-04-2021 prt sc end Dg up delete home %24 96 & num + backspace 8 9. lock V. P 8 A T home 5 c enter D J K pause N M T shift 11 C end alt ctrl
Muscat Pharmacy had sales of RO 1,000,000 (50,0000 units) for 2019. The variable expenses were RO 600,000 and fixed expenses were RO 300,000. What is the contribution margin per unit? Select one: a. None of the answers are correct O b. 400,000 O c. 4 O d. 40% O e. 8
Which among the following cost encourage management to focus on life cycle costing? O a. Maintenance costs O b. All the options listed O c. Repair costs O d. Warranty costs Fun games LLC wants to introduce a new Play station 5 into the market. The estimated price of each Play station 5 is RO 450. The required profit margin is 30% of sales. The target cost for the new Play station 5 is: O a. RO 515 O b. RO 385 Oc. RO 315 O d. RO 585
Muscat Pharmacy had sales of OMR 1,000,000 (50,000 units) for 2019. The variable expenses were OMR 600,000 and fixed expenses were OMR 300,000. What is the contribution margin ratio? Select one: O a. 400,000 Ob.40% Oc 50% Od. 30% Oe. None of the answers are correct
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