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 per unit is:

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 per unit is:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3EA: Burnham Industries incurs these costs for the month: A. What Is the prime cost? B. What is the...

See similar textbooks

Related questions

Q: Muscat Pharmacy had sales of OMR 1,000,000 (50,000 units) for 2019. The variable expenses were OMR…

A: Contribution- When the total sales value of the entity exceeds the variable expenses, then the…

Q: wrt disk company sells its disk for $107 per unit. total fixed cost are $197000 and variable costs…

A: Contribution margin is the sales revenue which is over and above variable costs of the business.…

Q: For XYZ Company , how many units of their product would have to be sold to yield a target operating…

A: Contribution margin per unit = sales - variable costs = 60 - 50 = $10 per unit

Q: Muscat Pharmacy had sales of OMR 1,000,000 (50,000 units) for 2019. The variable expenses were OMR…

A: Contribution margin ratio = Contribution margin / Total sales x 100 Where, Contribution margin…

Q: For XYZ Company, how many units of their product would have to be sold to yield a target operating…

A: In order to arrive at the sales required to be made for earning desired/ targeted amount of income,…

Q: Norton, Inc. has the following information available for September 2020. Unit selling price of video…

A: Solution:-- Data given as follows under:-

Q: Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity…

A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…

Q: contribution margin ratio

A: The contribution margin is the amount left after subtracting the variable costs from the selling…

Q: Nizwa Co. has the following information available for December 2019: Total fixed costs OMR 240,000…

A: CVP Income Statement refers to the income statement in which net income/(loss) is calculated by…

Q: Marsh microns produces an product and provides the following information for the year 2019 Margin of…

A: Selling price per unit: = Margin of Safety / Margin of Safety in quantity Profit computation: =…

Q: Nizwa Co. has the following information available for December 2019: Unit selling price of a TV unit…

A: Sales: Sales include a number of goods and services sold by the organization during their accounting…

Q: Nizwa Co. has the following information available for December 2019: Total fixed costs R.O. 240,000…

A: Contribution ratio Contribution ratio refers to a ratio expressing the percentage of sales to cover…

Q: Compute Sheridan' break-even point in units. Break-even point in units eTextbook and Media Prepare a…

A: Cost volume profit analysis is the technique used by management for decision making. The methods…

Q: In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as…

A: Operating expenses are defined as the payments made by a business entity to execute its routine…

Q: Calculate the Following: 2022 Revenue: $600,000 Net units sold in 2022: 3,000 access points 2022…

A: Break even point = It is the level of sales wherein the company have no profit no loss. below…

Q: Olsen Company has the following information available for September 2019. Unit selling price of…

Q: Cullumber Company has the following information available for September 2020. Unit selling price of…

A: Unit Contribution margin = Unit Selling price - Unit Variable costs Break-even point in units =…

Q: X Company had the following information available for 2020: Number of units sold 32,000 units…

A: Managerial accounting is the accounting method used by the business for its proper internal control…

Q: Calculate the Following: 2022 Revenue: $600,000 Net units sold in 2022: 3,000 access points 2022…

A: PAYBACK PERIOD Payback period is the period in which money invested in capital asset is recovered…

Q: Prepare CVP income statements. Olsen Company has the following information available for September…

A: In the contribution margin income statement, we need to deduct all the variable expenses from the…

Q: Muscat Pharmacy had sales of OMR 1,000,000 (50,000 units) for 2019. The variable expenses were OMR…

A: Contribution Margin: It is computed by the formula Sales-variable cost= contribution. As can be…

Q: Carla Vista Company has the following information available for September 2020. Unit selling…

A: Cost Volume Profit Analysis - Cost Volume Profit is the method of computing operating profit by…

Q: Ibra Industries produces windows, which it sells for OMR 20 each. Each Unit costs OMR 13 of variable…

A: FORMULAS: 1. Contribution margin = Sales - variable cost 2. Contribution Margin Ratio =…

Question

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 per unit
is:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What is the solution for this questions
The following information relates to the operations of a company; cost per unit from supplier- GH¢80, variable cost per unit GH¢40 and total fixed cost of GH¢300000. The company determines its selling price by adding a margin of 20%. What is the breakeven quantity?
If Actual sales are OMR 450000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=70000 and MS (%)=12.15 b. MS-100000 and MS (%)%3D15 C. None of the options d. MS-50000 and MS (%)=11.11
If Actual sales are OMR 460000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=70000 and MS (%)=12.15 b. MS=100000 and MS (%)=15 c. MS=60000 and MS (%)=13.04 d. MS=62000 and MS (%)=13.42
Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity Unit selling price Unit variable costs Fixed costs (a) 2,200 barrels $75 per barrel $45 per barrel $18,480 What is the contribution margin ratio? Contribution margin ratio %
please help answer Complete the two tables below using the information provided and assume a VAT rate of 15%
Using the data below compute of the following: Contribution margin per unit in 3. 2018, 4. 2019 5. 2020 BEP in sales units in 6. 2018 7. 2019 8. 2020 BEP in peso sales in 9. 2018 10. 2019 11. 2020 What is the required sales in unit for the desired Net profit 12. 2018 13. 2019 14. 2020 2018 2019 2020 Sales per unit Desired profit Fixed costs. P7.50 P9.00 P10.00 P15,000 P28,000 P30,000 360,000 375,000 420,000 Variable cost Cost per unit: Variable cost 2.50 4.00 4.00
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
If a product sells P^(7500) and costs P^(4300) to manufacture, its gross margin is P^(3200). Find the margin percent.
Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
Calculate the gross margin for a product with a cost price of R350 that isselling for R503.13 (incl. VAT)
Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.