Question
1.Rice Company has a unit selling price of $630, variable costs per unit of $300, and fixed costs of $327,000. Compute the break-even point in
1.Rice Company has a unit selling price of $630, variable costs per unit of $300, and fixed costs of $327,000. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin.(Round answers to 0 decimal places, e.g. 1,225.)
2.For Flynn Company, variable costs are66% of sales, and fixed costs are $173,000.
Compute the required sales in dollars needed to achieve managements target net income of $47,000. (Use the contribution margin approach.)(Round answer to 0 decimal places, e.g. 1,225.)
3.For Astoria Company, actual sales are $10,165,000, and break-even sales are $7,075,000.Compute the margin of safety in dollars.
Compute the margin of safety ratio.(Round margin of safety ratio to 0 decimal places, e.g. 1,225.)
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