Sales = 4700 units with selling price of OMR 25 per unit, Break-even point = 4000 units, Fixed cost = OMR 28000. What is the amount of Total Variable cost? Select one: a. OMR 84600 b. OMR 90000 c. OMR 72000 d. OMR 76000 2) The production budget determines the level of activity of the produce business and facilities planning of production so as to maximum efficiency. Select one: True False
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Sales = 4700 units with selling price of OMR 25 per unit, Break-even point = 4000 units, Fixed cost = OMR 28000. What is the amount of Total Variable cost?
The production budget determines the level of activity of the produce business and facilities planning of production so as to maximum efficiency.
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