If the total fixed costs Omr75000, selling price per unitOmr 35 and contribution marginper unit Omr 10. The Salesrequired earning a profit of Omr80000 is:Select one:O a. The correct answer not availableO b. 4228 unitsO c. 6200 unitsO d. 15500 units

Under Marginal costing Profit = Sales Revenue - Total Variable cost - Total Fixed Cost We know…

Answered: required earning a profit of Omr 80000…

Business

Accounting

required earning a profit of Omr 80000 is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Given a net income of $50,000, sales of $2,000,000, variable costs of S25,000, fixed operating costs…

A: Formula: Degree of operating leverage = ( Sales value - Variable cost ) / ( Sales value - Variable…

Q: If sales are Rs.90000 and variable cost to sales is 75%, contribution is: Rs.67500 Rs.21500 Rs.23500…

A: Solution:- Calculation of contribution as follows under:-

Q: Sheffield Corp. reported the following for 2022: Income tax expense $68000 Contribution margin…

A: Introduction: Controllable cost is a variable cost that may be adjusted based on a business decision…

Q: How do you compute the monthly margn of safety in dollars if the shop has a monthly target profit…

A: Given that: Target profit = $54000 Variable costs = 20% of sales Fixed costs = $18000

Q: A company requires $1305600 in sales to meet its operating income target. Its contribution margin is…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: cost($) 250,000 250,000 250,000 I profit ($) 20,000 15,000 8,000 ife(years) 30 30 30 al value($) 0…

A: The answer has been mentioned below.

Q: cion's contribution format income statement for last P 2,000,000 ble Costs 1400.000 ribution Margin…

A: Contribution margin ratio is the ratio of the contribution margin to sales revenue Breakeven point…

Q: Use the following information to calculate, to one decimal place, the return on assets (ROA) for…

A: Formula: Return on Assets = Profit / Average Assets.

Q: > If your explicit total cost is $50 M (accounting costs) and $60 M economic costs, based on the…

A: Operating cost: This cost is known as the direct cost which is incurred for the production of goods.…

Q: Concord Corporation plans to introduce a new product and is using the target cost approach.…

A: In case of target costing the management will fix the desired profit and determine the target cost…

Q: A product with the cost of R150 is selling for R200 what are the mark up percentage and gross margin…

A: Markup percentage is the gross profit expressed as a percentage of cost. Gross profit is derived by…

Q: A company requires P1,020,000 in sales to meet its net income target. Its contribution margin is…

A: Formulas Sales × pv ratio = contribution Contribution - fixed cost = net income

Q: If the sale price is 30% more than costs, and the profit for each sold unit is GHS 120, the cost…

A: Cost price per unit = Profit / Profit % of cost

Q: If the imputed charge is charge is 15% and Webb wants to achieve a residu target of P2,000,000, what…

A: Introduction:- The following formulas used to calculate as follows under:- Residual income = Net…

Q: Assume that the cost of a unit of labor (W) is K50 (the nominal wage) and a unit of labor produces…

A: Mark up is a % of cost. Hence 20% mark up = 20% of the cost and hence price = cost + 20% of cost

Q: Using the following information, and a tax rate of 35%, calculate the yearly cash flow: Sales…

A: Income before tax = Sales - Variable costs - Fixed costs - Depreciation Income before tax = $2,100 -…

Q: The following quotations are available to you. CAD 1.2610/USD, Euro 0.8309/USD, CAD 1.5/Euro…

A: This arbitrage helps to earn to the traders at that time when there is instability in market. This…

Q: from the same raw mat et realizable value in allo ation are as follows: Uni :Unit sold (18,000: 25.0…

A: Compute the total unit cost of Product B as follows: -

Q: How much is the realized gross profit for 20x6? *

A: In installment sales, the gross profit realized recorded is based on the percentage of cash…

Q: You are given the following data: Fixed expenses OMR. 4,000 Break-even point OMR. 10,000…

A: At break even point , Contribution margin - fixed expenses = 0 Contribution margin - OMR 4000 = 0…

Q: Assume that sales are predicted to be $26,250, the expected contribution margin is $10,500, and a…

A: Breakeven Sales Revenue It is that volume of sales that are required to meet the total cost.…

Q: You are required to (i)Determine profit, when sales =200,000 Fixed cost=40,000 BEP=160,000…

A: Breakeven sales * Profit volume ratio =Fixed cost Sales * Profit volume ratio =Fixed cost + Profit

Q: b) If the selling price increases by 10% calculate the increase in the net profit at the whole…

A: The Question is related to Marginal costing and it will be solved accordingly.

Q: For the above suggestion, calculate how many units need to be sold to achieve the profit objective…

A: Given that, Fixed Costs = 541000 Desired profit = 24000 And, Contribution = 26 per unit The working…

Q: solve the followinng unit sold 10000 variable expense $0.07million contribution margin…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: With a tax rate of 25%, fixed costs of P34,000, and a contribution ratio of 45%, how much revenue is…

A: In order to compute the revenue that is required to achieve a desired after-tax profit of P36,000,…

Q: a) Contribution margin per unit and contribution margin ratio. b) Number of unit to break even. c)…

A: Calculation of per unit contribution margin and calculation of margin ratio contribution…

Q: help question 8

A: Residual Income = Operating income - Average operating assets x minimum required rate of return…

Q: If the mark-up on cost is 20%, please and the selling price(Excl. VAT) is R600, which of the…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The Colits Corp. sells products for P200 each. Variable costs are P150 per unit. Fixed Costs are…

A: The calculation of contribution margin per unit has been made as follows: Contribution margin per…

Q: Given that sales are R5000000, Gross profit is R1 500 000. Therefore, cost of sales is R 2500000.…

A: The cost of sales can be calculated by deducting the gross profit from the sales revenue.

Q: The annual profit P, of a small manufacturing firm is given as P+100=Xsquared +15X where X is the…

A: P+ 100 =X^2 + 15X where P = profit X = no. of units Sold

Q: 1- Find the internal rate using the method of Internal Rate of Return (IRR) if i = 15%, for the…

A: IRR is the rate at which Present value of cash Inflows is equal to Present Value of cash Outflows…

Q: Calculate the gross margin for a product with a cost price of R350 that is selling for R503.13…

A: Cost price and Selling price of a product has been given and gross margin has been asked. Cost…

Q: Consider the following: Fixed expenses P78,000 Unit contribution margin 12 Target net profit 42,000…

A: Target Net Profit = P42,000 Total Contribution required = Target Net profit+ Fixed Expenses Total…

Q: d from year 1 to year 6 is: $8000, and $1 hine needs to be maintained at an annu rvice life and can…

Q: If operating income is P60,000, average operating assets are P240,000, and the minimum required rate…

Q: Sales revenue is $ 500000 , Variable costs are 30 % of sales revenue and fixed costs are $ 200000 ,…

A: Lets understand the basics. For calculating net profit(loss), we will need to use below formula. Net…

Q: Total Sales are 500,000 OMR, Total Variable cost is 150000 OMR. Fixed cost is 200000 OMR Calculate…

A: Profit is incurred in a business or a company by subtracting expenses from revenue of the company.…

Q: If the demand equation is Q = 100-10P. find the consumer’s surplus when the consumer purchases 18…

A: Consumer surplus can be defined as the area of the triangle above the price and below the demand…

Q: H.W 1- Find the internal rate using the method of Internal Rate of Return (IRR) if i = 15%, for the…

A: Solved using Excel

Q: The annual FC amounted to P798,000. At present, the contribution margin ratio is 42%. Determine the…

A: Sales revenue: It implies to the amount that is generated by the business from selling its goods or…

Q: 0,0 0 Sales are 140000 OMR, variable cost = 110000 OMR, profit is 10000 OMR calculate fixed cost…

A: Answer - Option A is correct Option - 20000 OMR Fixed Cost = Total Sales - Variable Cost - Profit…

Q: ,000)$, its e: vage value is

A: Explanation - 1. Depreciation Expenses - This is an expense booked on the income statement debit…

Q: Calculate Profit from the following data: Sales: $40000 Material cost: $10000 Labour cost: $10000…

A: The cost volume profit analysis or CVP analysis is used for the purpose of determining the effect on…

Question

If the total fixed costs Omr
75000, selling price per unit
Omr 35 and contribution margin
per unit Omr 10. The Sales
required earning a profit of Omr
80000 is:
Select one:
O a. The correct answer not available
O b. 4228 units
O c. 6200 units
O d. 15500 units

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Marginal costing concept

VIEW

Step 2 Calculation of amount of sales required

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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

Mars Company has the following information: Total Fixed cost OMR 25000 Selling price per unit OMR 40 Variable cost per unit OMR 25, What will be the correct amount of Margin of safely at a profit of OMR 12000? Select one: O a. OMR 37000 b. OMR 30000 O c. OMR 19200 O d. OMR 32000
PE 1. Use the following economic data to answer the numbered questions: Total fixed costs P1.8M Unit selling price P80.00 Unit variable cost P56.00 Indicate the effect on the following by one unit increase in sales volume: 1. Breakeven units Total peso sales 3. Total contribution margin 4. Operating profit 5. Total costs 2.
If Actual sales are OMR 490000, Total Fixed costs OMR 135000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=60000 and MS (%)=15.15 b. MS=40000 and MS (%)38.89 c. MS=40000 and MS (%)=8.16 d. MS=72000 and MS (%)=16.42
If Actual sales are OMR 470000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=100000 and MS (%)=16 b. MS=62000 and MS (%)=13.42 c. MS=73000 and MS (%)=15.15 d. MS=70000 and MS (%)=14.89 Clear my choice
If Actual sales are OMR 490000, Total Fixed costs OMR 135000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Soloct
5. Determine the missing values: (Show your workings clearly) S.No. Unit Selling Unit Variable Contribution Margin Per Contribution Margin Ratio (b) (d) 15% Price Cost Unit 1. 250 170 (а) 2. 100 (c) (f) (g) (i) 30 3. (e) 2500 300 4. (h) 25% 5. 2300 726
If Actual sales are OMR 450000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage (on sales)? Select one: a. MS=70000 and MS (%)=12.15 b. MS-100000 and MS (%)%3D15 C. None of the options d. MS-50000 and MS (%)=11.11
If Actual sales are OMR 600000, Total Fixed costs OMR 150000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage(on sales)? Select one: a. MS=385714 and MS (%)=64 b. None of the options c. MS=100000 and MS (%)=16.67 d. MS=50000 and MS (%)=8.33
A) if Y = 5000 + 8 *X and units produced 1000 units. total cost Select one: a. 11000 b. 13000 c. correct answer not available d. 15000 B)If Actual sales are OMR 600000, Total Fixed costs OMR 150000, Selling price per unit OMR 50, and Variable cost per unit OMR 35, which of the following shows Margin of Safety (MS) as amount and as percentage(on sales)? Select one: a. MS=385714 and MS (%)=64 b. None of the options c. MS=100000 and MS (%)=16.67 d. MS=50000 and MS (%)=8.33
On the cost-volume-profit graph, the area between the total cost line and the sales line after the break-even point represents: O a. The contribution margin per unit O b. The profit area O c. The variable cost amount O d. The fixed cost amount O e. The loss area US PAGE NEXT PAGE nere to search O W 19:09 A O D a d) ENG 07-04-2021 hp prt sc delete home end & 9 + backspace num lock R T P home D F G H K enter レ pause ↑ shift 11 end alt ctrl
on 1 Salalah Company has the following information: et red Total Fixed cost OMR 20000 d out of Selling price per unit OMR 25 Variable cost per unit OMR 15 g question What will be the amount of sales if it is desired to earn a profit of OMR 5000? Select one: O a. Units 2500 O b. OMR 62500 Oc OMR 43750 O d. None of the options
If, Total Fixed cost OMR 32000, Selling price per unit OMR 20, and Variable cost per unit OMR 12. What will be the Margin of safety and profit if actual sales are OMR 85000? Select one: O a. Margin of Safety OMR 10000, Profit OMR 4000 O b. Margin of Safety OMR 26667, Profit OMR 16000 O c. None of the options O d. Margin of Safety OMR 5000, Profit OMR 2000