You have been provided with the following information:ere to searchMultiple ChoiceSalesLess variable expensesContribution marginLess fixed expensesOperating profitIf unit sales decrease by 10%, how much will fixed costs have to be reduced by to maintain the current operating profit?$8,250$11,000Per Unit$2514$11ETotal$ 75,00042,00033,00022,000$ 11,000N4< Prev16 of 25PS OMIng Information...Next >37°F Mostly

MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

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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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2. Complete the table below by filling out the missing values. Provide a solution. Absorption Costing Variable Costing Quantity ? Unit Price Amount Quantity ? Unit Price Amount P 30.00 12.00 Sales ? ? ? Variable CGS 8,000 ? ? ? ? 3.00 2.50 4.00 Fixed Overhead ? ? 10,000 ? ? Variable expenses Fixed expenses ? ? ? ? ? ? ? Profit ? ? ? ?
Q5 From the following particulars you are required to calculate (a) PIV ratio and (b) Break-even point Le) Margin of Safety Actual sales OMR. 200000 Variable cost OMR. 120000 Fixed cost OMR. 45000 Also calculate the sales required to maintain the profit OMR 72000.
s, and improvements, choose Check for Updates. 4. Total fixed cost OMR 24000 Selling price OMR 25 Variable cost OMR 20 Calculate: a. Contribution per Unit b. P/V Ratio c. Break-even point(BEP) in units and Amounts (OMR) d. What will be the amount of sales if it is desired to earn a profit of (a) OMR 8000; (b) OMR 30000? e. Margin of safety and profit if actual sales is OMR 150000
Q5 From the following particulars you are required to calculate (a) P/V ratio and (b) Break-even point ( c) Margin of Safety Present sales OMR. 200000 Variable cost OMR. 120000 Fixed cost OMR. 40000 Also calculate the sales required to maintain the profit OMR 65000.
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: a) PV ratio, ь) В.Е.Р. c) Sales required to earn a profit of OMR 40000. d) Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000. e)
O d. Contribution margin - fixed expenses - profit = 0 O e. Sales - fixed expenses - variable expenses = 0 Holding other factors constant, a company's contribution margin per unit will increase with: a. All answers given are NOT correct. b. any decrease in the selling price per unit O c. any increase in variable cost per unit O d. increase in its total fixed costs e. any increase in quantity sold. PAGE NEXT PA COLL CET 0001 A
Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income What is the margin of safety in dollars? Amount $300,000 120,000 180,000 60,000 $ 120,000 Per Unit $40 16 $24
Question 3: Mirbat Company's financial information is given in the table below. Year Sales (OMR) Fixed Costs Variable Costs 2020 445000 105000 245000 2021 500000 150000 280000 You are required to calculate the following values for each year. The years are independent of each other. a) P/V ratio, b) В.Е.Р. c) Sales required to earn a profit of OMR 45000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 300000.
Question 3: CRS 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: P/V ratio, E.P. Sales required to earn a profit of OMR 40000. Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000.
Solve for the missing amounts for the following separate cases. Variable costs per unit Case 1 2 3 Sales price per unit $ 30 $ 24 30 Contribution margin per unit 10 59 Contribution margin ratio < Prev Q Search 20% 4 of 20 www HH Next
Sales are 140000 OMR, variable cost = 110000 OMR, profit is 10000 OMR calculate fixed cost Select one: O a. 20000 OMR O b. None of them c. 60000 OMR d. 50000 OMR
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

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