a. If Glendive Company, with a break-even point at $792,000 of sales, has actual sales of $1,200,000,

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a. If Glendive Company, with a break-even point at $792,000 of sales, has actual sales of $1,200,000, what is the margin of safety expressed

(1) In dollars and

(2) As a percentage of sales?

b. If the margin of safety for Spearfish Company was 30%, fixed costs were $1,750,000 and variable costs were 80% of sales, what was the amount of actual sales (dollars)?

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Survey of Accounting

ISBN: 978-1133189121

6th edition

Authors: Carl S Warren

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Question Posted: Feb 04, 2014 07:54 AM

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a. If Glendive Company, with a break-even point at $792,000 of sales, has actual sales of $1,200,000,

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a 1 408000 1200000 792000 2 34 408000 1200000 b The breakeven point ...View the full answer

Survey of Accounting

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