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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 1MC: Sienna Company uses the FIFO cost flow assumption. Sierra has inventory with a selling price of 100,...

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Concept explainers

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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