Salalah Company has the following information: Total Fixed cost OMR 20000 Selling price per unit OMR 25 Variable cost per unit OMR 15 What will be the amount of sales if it is desired to earn a profit of OMR 5000? Select one: a. OMR 62500 b. None of the options c. Units 2500 d. OMR 43750

Salalah Company has the following information: Total Fixed cost OMR 20000 Selling price per unit OMR 25 Variable cost per unit OMR 15 What will be the amount of sales if it is desired to earn a profit of OMR 5000? Select one: a. OMR 62500 b. None of the options c. Units 2500 d. OMR 43750

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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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Salalah Company has the following information:

Total Fixed cost OMR 20000

Selling price per unit OMR 25

Variable cost per unit OMR 15

What will be the amount of sales if it is desired to earn a profit of OMR 5000?

Select one:

a. OMR 62500

b. None of the options

c. Units 2500

d. OMR 43750

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