18- Given the historical cost of product Z is $150, the selling price of product Z is $ 210, costs to sell product Z are $21.and the cost to complete product Z is $30, what is the net realizable value that should be used in the lower-of-cost-or-net realizable value comparison?20030827a) $150..$160.C)0(d) $169.e)$139.

LCNRV stands for Lower of cost or Net realizable Value method which is used to determine the value…

Answered: 8- Given the historical cost of product…

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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What is the value to be given to product Del? A. P25,000 B. P21,000 C. P24,000 D. P20,000
Question 3: Sohar Company's financial information is given in the table below. Year 2019 2020 Sales (OMR) Fixed Costs | 405000 | 450000 | 90000 120000 Variable Costs | 225000 240000 Calculate: ---uyuie d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 200000. - VIVI.
17. Assume a company produces one product that sells for P55, has variable cost per unit of P35, and has fixed costs of P100,000. How many units must the company sell to earn a target profit of P50,000? 18. Given the same facts as in question 17 above, if the company exactly meets its target profit, what will be its margin of safety in sales revenue? P137,500 P150,000 P127,500 P110,000
QUESTION 1 If the mark-up on cost is 20%, please and the selling price(Excl. VAT) is R600, which of the following amounts is the correct Cost Price(Excl. VAT)? O A. R100 OB. R580 O C. R575 O D. R500 QUESTION 2 Which one of the following statements with respect to VAT is false? O A. There is no indication of a VAT charge next to zero-rated item listed on an invoice. O B. In general, no input VAT claim is allowed by SARS on the purchase of a double-cab delivery vehicle. O C. The buyer of zero rated supplies will not get any refund from SARS for buying usch an item. O D. If a vendor sells only VAT exempt supplies, it may not register for VAT.
36-Since the selling price of a good sold with 20% profit is 144 TL, what is the cost of it?A) 120B) 110C) 105D) 100E) 115
X product100 units, unit selling price 1000, unit variable expense 800(total fixed expense 120,000) What is the breakeven point of product Z on a product basis?
9 - If the total fixed cost is 1000 TL, the unit variable cost is 2 TL, and the sales price of the product is 3 TL, what is the breakeven point of the product?A) 500B) 2000C) NoneD) 1000E) 3000
4. Given: Mark-on (MO) = P599 Cost (C) = P1699 Mark-up rate based on cost (MU_c%) = 30% Find the selling price before increase/Regular selling price (S)
The following balances are related to XYX LLC. Bank Balance 16,000 Purchases 195000 Return Inwards 4,000 Direct Wages 18000 Sales 425,000Carriage Inwards 35000 Rent Received 20,100 Return Outwards 16000 Interest Revenue 15,600 Office Expense 19,500 Office Rent 15,000 Office Equipment Maintenance 6000 Salesman Salary 4,200 Sales Promotion 4500 Expense Internet Charges 800 Advertising Expense 18000 Opening Stock 85000 Office Insurance Expense6,500 Dividend Income 18200 Commission Income 20400 Closing Stock 55,000 Use the above information and answer 32, 33 and 34 MCQS
/quiz/attempt.php?attempt3D1457214&cmid%3D719121&page%3D8%#3question-1620910-30 Academic O b. 38,500 O c. 56,000 O d. 101,500 e. 70,000 Clear my choice All else being equal, what happens to the unit contribution margin and the contribution margin ratio if the sales price per unit decrease? Select one: O a. Unit contribution margin increases while contribution margin ratio decreases. O b. Both unit contribution margin and contribution margin ratio increase. O c. None of the given answers. O d. Unit contribution margin decreases while contribution margin ratio increases. O e. Both unit contribution margin and contribution margin ratio are unchanged. Next page ge here to search
10. Product Cott has sales of P200,000, a contribution margin of 20%, and a margin of safety of P80,000. What is Cott's fixed cost? a. P16,000 b. P24,000 c. P80,000 d. P96,000 e. None of these; answer is
Dhofar 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 correct amount of Margin of safely at a profit of OMR 6000? Select one: O a. OMR 20000 O b. None of the options O c. OMR 13333 O d. OMR 15000

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