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Doll Furniture gives you the following information for the year ending December 2020. ...

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Accounting

Doll Furniture gives you the following information for the year ending December 2020.

Production

20,000 units

Sales

18,000 units

There is no opening stock of goods

Direct material per unit

OMR 2

Variable factory overheads

OMR 80,000

Fixed factory overheads

OMR 40,000

Variable selling overheads per unit

OMR 0.400

Fixed selling overheads

OMR 9,000

Selling price per unit

OMR 12

Calculate gross profit under absorption costing method: OMR 55,800OMR 51,500OMR 60,000OMR 72,000

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