Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

The sales and profit for two years were as below: (IN OMR) Sales Profit 2019 20000 4000 2020 60000 20000 What will be the amount

The sales and profit for two years were as below: (IN OMR)

Sales Profit

2019 20000 4000

2020 60000 20000

What will be the amount of Variable cost for the year 2020?

Select one:

a. OMR 12000

b. OMR 30000

c. OMR 36000

d. OMR 40000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: Robert w Ingram, Thomas L Albright

6th Edition

9780324313413, 324672705, 324313411, 978-0324672701

More Books

Students also viewed these Accounting questions

Question

★★★★★

The preceding example is more familiar where the firm produces a single output and we distinguish inputs and outputs. Assume that a competitive firm produces a single output y from n inputs x = (x1,...

Answered: 1 week ago

Question

★★★★★

Net present value method for a service company Metro-Goldwyn-Mayer Studios Inc. (MGM) is a major producer and distributor of theatrical and television filmed entertainment. Regarding theatrical...

Answered: 1 week ago

Question

★★★★★

More than half of the gender differences in mathematics ability can be traced to gender differences in brain functioning. True or False

Answered: 1 week ago

Question

★★★★★

Shaws Garden was started on May 1 with an investment of $45,000 cash. Following are the assets, liabilities, and common stock of the company on May 31, 2014, and the revenues and expenses for the...

Answered: 1 week ago

Question

★★★★★

Hello I need help with this problem... thank you. Roberto and Reagan are both 25 percent owner/managers for Bright Light Enterprises. Roberto runs the retail store in Sacramento, CA, and Reagan runs...

Answered: 1 week ago

Question

★★★★★

Windhoek Mines Ltd. of Namibia is contemplating the purchase of equipment to exploit a mineral deposit located on land to which the company has mineral rights. An engineering and cost analysis has...

Answered: 1 week ago

Question

★★★★★

You are a chairperson of source selection, evaluation board for a new jet engine. You had to brief a SSEB member on the procedures for protecting source selection, information what procedures would...

Answered: 1 week ago

Question

★★★★★

3. Plastex Corporation is considering expanding but wishes to control growth by imposing a limit on capital on capital expenditures of $500,000. The capital investment opportunities are: +...

Answered: 1 week ago

Question

★★★★★

Read this case, and just answer question 1 and 2, do not need to answer the rest of questions. 1.For HTC's hardware product revenue stream, what is the distinguishing factor that should be considered...

Answered: 1 week ago

Question

★★★★★

Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★

9 3 points 03:02:45 Skipped Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.10 per hour. During October, the company actually uses 11,000 hours of direct labor at a...

Answered: 1 week ago

Question

★★★★★

Teamwork. As best as possible, create and complete this scenario within your classroom or another room at your school: You are attending the fund-raiser that precedes the business meeting of the...

Answered: 1 week ago

Question

★★★★★

Convert the list prepared in Exercise 1 into a self-assessment. For each item, rate yourself on a 5- point scale, with 1 = poor and 5 = excellent. Identify two items on which you wish to improve,and...

Answered: 1 week ago

Question

★★★★★

Teamwork. Divide the class into teams with one team on each side of the classroom. One team will take the pro side of the issue and the other team will take the con side of the issue. Each team will...

Answered: 1 week ago

Previous Question Next Question