Question - Oman Environmeps://www.classmarker.com/online-Question 6 of 16ABC Computers (January) Actual (OMR) Target (OMR)277,350Sales Turnover325.000Sales Tax (14%)38,82945,500Net Turnover238,521279,500Labor Costs166.000175,000Other Costs36.00041.000Gross Profit36,52163,500If actual labor costs rise so as to halve their difference from the target, what will be the change inactual Gross Profit?O A) Falls by OMR 4,500O B) Rises by OMR 4,500O C) No overall effectO D) Rises by OMR 9.000NextDOLL

Given that: Actual labour costs = OMR 166000 Target labour costs = OMR 175000

Oman Environmi w.dassmarker.com/online- on 6 of 16 ABC Computers (January) Actual (OMR) Target (OMR) Sales Turnover 277,350 38,829 238,521 325,000 Sales Tax (14%) 45,500 279,500 175,000 Net Tumover Labor Costs 166,000 36,000 36,521 41,000 63,500 Other Costs Gross Profit If actual labor costs rise so as to halve their difference from the target, what will be the change in actual Gross Profit? O A) Falls by OMR 4,500 O B) Rises by OMR 4,500 O C) No overall effect O D) Rises by OMR 9,000

Oman Environmi w.dassmarker.com/online- on 6 of 16 ABC Computers (January) Actual (OMR) Target (OMR) Sales Turnover 277,350 38,829 238,521 325,000 Sales Tax (14%) 45,500 279,500 175,000 Net Tumover Labor Costs 166,000 36,000 36,521 41,000 63,500 Other Costs Gross Profit If actual labor costs rise so as to halve their difference from the target, what will be the change in actual Gross Profit? O A) Falls by OMR 4,500 O B) Rises by OMR 4,500 O C) No overall effect O D) Rises by OMR 9,000

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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