Homework Help is Here – Start Your Trial Now!
Business
Accounting
Question 1: Salalah Company has the financial information given in the table for he year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) P) PV ratio :) Margin of Safety (as amount and as percentage) OMR Sales (actual). 800,000 Total fixed cost 450,000 Selling price per unit 275 Variable cost per unit 125

Question 1: Salalah Company has the financial information given in the table for he year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) P) PV ratio :) Margin of Safety (as amount and as percentage) OMR Sales (actual). 800,000 Total fixed cost 450,000 Selling price per unit 275 Variable cost per unit 125

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%

Question 3: Sohar Company’s financial information is given in the table below.

Year

Sales (OMR)

Fixed Costs

Variable Costs

2019

405000

90000

225000

2020

450000

120000

240000

 

Calculate:

  1. P/V ratio,
  2. E.P.
  3. Sales required to earn a profit of OMR 40000.
  4. Margin of safety at a profit of OMR 50000
  5. Profit when sales are OMR. 200000.

 

Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as amount and as percentage) OMR Sales (actual) 800,000 Total fixed cost 450,000 Selling price per unit 275 Variable cost per unit 125
Transcribed Image Text:Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as amount and as percentage) OMR Sales (actual) 800,000 Total fixed cost 450,000 Selling price per unit 275 Variable cost per unit 125
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Risk Analysis
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.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS