Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit

Question:

Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit variable cost is $45, and the fixed costs per month are $5,000. Compute the margin of safety.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

See More Books

Question Posted: Jan 22, 2018 12:37 AM

See More Questions

Clydes Marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Required a. What is the break-even point per month in sales dollars? b. What level...
Clydes Marina has estimated that fixed costs per month are $303,300 and variable cost per dollar of sales is $0.40. Required What is the break-even point per month in sales dollars?
If the unit sales price is $15, variable costs are $6 per unit and fixed costs are $22,000 what is the contribution margin ratio per unit?
Complete the attached SWOT Worksheet using information from the Cotopaxi case. Use your SWOT Worksheet to help you answer the question: What should Davis Smith/Cotopaxi do (for company...
The velocity amplitude of a particle is equal to half the maximum value at the frequencies wl and w2 of external harmonic force. Find: (a) The frequency corresponding to the velocity resonance; (b)...
The following are an income statements and balance sheets for General Foods Ltd. REQUIRED a. Use professional judgment in deciding on the preliminary judgment about materiality for profit, current...
Compute book value and explain its use in analysis. AppendixLO1
Jerry Trickett, a retired army officer, opened Tricketts Catering Service. As his accountant, analyze the transactions listed and present them in proper form. a. The analysis of the transactions by...
Allied Merchandisers was organized on May 1 Macy Co. is a major customer (buyer) of Allied (seller) products. May Allied sade its first and only purchase of Inventory for the period on May 3 for...
Data Table 2: Sodium Hypochlorite SDS information Items Physical State Route of Exposure & Symptoms Protective Equipment First Aid Procedures Fire-fighting Measures Chemical Reactivity Safe Storage...
1. How do governments attempt to control foreign businesses operating within their borders? 2. When U.S. companies do business in other countries, what issues do they face? 3. Describe the...
W Corporation was owned by shareholder C prior to a sale of all of his stock (basis at the beginning of the year, $5,000) to D in June for $10,000. During the year, W Corporation distributed $60,000...
Briefly explain the shadow paging backup and recovery strategy. Give one advantage and one disadvantage of the shadow paging strategy.
Based on the reading,How to make sure your next product or service launch drives growth (click the underlined link),what stands out to you as the most important factor in a differentiated launch...
OM in the News has previously looked at the Waffle House Index, used to measure the damage from hurricanes. The index made the news again for Hurricane Ian. According to the Boston Globe, 40 Waffle...
Mixture of persuasive and negative formal I am Elizabeth grinderFirst part email Next part setting up the meeting Final part memo The reader is Robert * do not come off accusatory*** Project TWO:...
Anyone who has sampled today's social media offerings has probably experienced this situation: You find a few fascinating blogs, a few interesting people to follow on Twitter, a couple of podcast...
a. Begin with a converging lens of focal length f. Place an illuminated object a distance p, in front of the lens. For all positive values of p;: 1. calculate and sketch a graph of the location of...
In Problems 3142, f (x) = sin x, g(x) = cos x, and h (x) = tan x. Use the figures below to evaluate each function. (a, 2) y x2 + y2 = 5 X (-1, b) x2 + y = 1 X
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
Bill purchased a vacation lot he saw advertised on television for an $800 down and monthly payments of $55. When he visited the lot he had purchased, he found it was not something he wanted to own....
Compute the rate of return on an investment having the following cash flow. Year Cash Flow 0................................-$850 0.................................+600...
Assume that the following cash flows are associated with a project. Year Cash Flow 0........................-$16,000 1............................-8,000 2...........................11,000...
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...

Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $80, unit

Question:

Step by Step Answer:

Margin of safety actual sales br...View the full answer

Horngrens Financial and Managerial Accounting

Students also viewed these Cost Accounting questions