Sales = 5250 units with selling price of OMR 20 per unit, Break-even point = 4000 units, Fixed cost = OMR 24000. What is the amount of Total Variable cost?   Select one: a. OMR 73500   b. OMR 20000 c. OMR 56000 d. OMR 30000   2) Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000 OMR,describe the production costs in the equation form Y = f + vX. Select one: a. Y = 160000 + 100X b. Y = 160000 + 70X c. Y = 160000 + 80X d. Y = 160000 + 40X

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

Sales = 5250 units with selling price of OMR 20 per unit, Break-even point = 4000 units, Fixed cost = OMR 24000. What is the amount of Total Variable cost?

 

Select one:
a. OMR 73500  
b. OMR 20000
c. OMR 56000
d. OMR 30000
 
2)
Total Variable cost is 560,000 OMR total units sold is 7000 units, total fixed cost is 160000 OMR,describe the production costs in the equation form Y = f + vX.
Select one:
a. Y = 160000 + 100X
b. Y = 160000 + 70X
c. Y = 160000 + 80X
d. Y = 160000 + 40X
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Break-even 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.
Similar questions
  • SEE MORE QUESTIONS
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