Answered: Total Variable cost is 560,000 OMR…

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.

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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Question

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

Clear my choice

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