Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. from the details given, prepare an income statemen

From the details given, prepare an income statement and find out the amount of profit...

60.1K

Verified Solution

Question

Accounting

From the details given, prepare an income statement and find out the amount of profit under Absorption costing method. Direct materials OMR 7,500, Direct wages OMR 8,000, factory overheads OMR 2,750(Fixed), selling overheads OMR 1,500(variable) and sales OMR 30,000

a.

OMR 11,600

b.

OMR 79,600

c.

OMR 10,250

d.

OMR 14,600

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

write ONE paragraph that identifies and explains ONE people skill mentioned in the reading Research Skills...

Physics
1.2K views

Consider a 4-mg raindrop that falls from a cloud at a height of 2 km. Part a)...

Mechanical Engineering
1.2K views

A two-cylinder, four-stroke gas engine has a bore of 380 mm and a stroke of 585...

Accounting
1.2K views

The January 1, 2016 trial balance for the Taylor company is found on the trial balance...

Biology
1.2K views

Part A Identify A A 7

Physics
1.2K views

The commutator x P2 where x and Pare position and momentum operators respectively is d...

Algebra
1.2K views

Playing with toy alphabet blocks Dani mixes four of the ABCDE blocks into some combination...

Algebra
1.2K views

All of the following statements about the Domain and Range of a function are true...

Accounting
1.2K views

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards...

Accounting
1.2K views

General and administrative expense budget. Selling expense budget. Sales budget. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ZIGBYMANUFACTURINGBudgetedBalanceSheetJune30} \\ \hline...

Accounting
1.2K views

1(a)Describe directors' general duties to the company briefly. 1(b)Can the company's articles of association...