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If an industrial company faces strong competition, and plans to produce and sell 2,000 units, it aims to achieve a profit of 4,500 OMR after
If an industrial company faces strong competition, and plans to produce and sell 2,000 units, it aims to achieve a profit of 4,500 OMR after tax. The total fixed costs amounted to 24,000 OMR, and the unit variable cost 8.8 OMR, and the tax rate is 25%.
Required
A- Determine the lowest price that meets the company's plan
B- Preparing the income statement on the basis of the contribution
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