Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

6. Vargas Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs

6. Vargas Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $9,000. At budgeted sales of 1,000 units, the margin of safety ratio is: A. 45%. B. 55%. C. 64%. D. None of these

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Audit

Authors: Carolyn J. Cordery, David C. Hay

1st Edition

0367650622, 9780367650629

More Books

Students also viewed these Accounting questions

Question

★★★★★

a. If a constant c is added to each xi in a sample, yielding yi = xi + c, how do the sample mean and median of the yis relate to the mean and median of the xis? Verify your conjectures. b. If each xi...

Answered: 1 week ago

Question

★★★★★

Why would a U.S. firm consider issuing bonds denominated in multiple currencies?

Answered: 1 week ago

Question

★★★★★

To what extent do you agree with the medical model of psychopathology?

Answered: 1 week ago

Question

★★★★★

Presented below is net asset information related to the Salmon Division of Horton, Inc. SALMON DIVISION NET ASSETS AS OF DECEMBER 31, 2014 (IN MILLIONS) Cash .................. $ 40 Receivables...

Answered: 1 week ago

Question

★★★★★

HOLMES INSTUTE In Class Exercise The following information relates to XYZ Ltd. XYZLtd CDs uses the periodic inventory system to account for its inventory. The following information relates to the...

Answered: 1 week ago

Question

★★★★★

vA system of shared values and beliefs that shapes a company's people, organizational structures and control systems to produce behavioural results represents Question 51 options: The firm's reward...

Answered: 1 week ago

Question

★★★★★

Here is an interesting game presented and discussed by psychologists, mathematicians, philosophers, and people in business, risk management, and gambling. You start with $1, and a die is rolled. You...

Answered: 1 week ago

Question

★★★★★

Poh has just started working at a new manufacturing plant and she is struggling to remain motivated at work. At her old workplace, she created insulin pumps for patients with diabetes and assembled...

Answered: 1 week ago

Question

★★★★★

Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 73 9 months tA $ 4

Answered: 1 week ago

Question

★★★★★

7. Make a table of values and graph each function. a) g(x) =-3x+5 for the domain (-3, -2, -1, 0, 1, 2, 3} b) h(x) = for the domain {x | -10 x 10, x = R} Apply 8. Mike currently has $200 and saves $20...

Answered: 1 week ago

Question

★★★★★

An important factor in choosing the best communication channel is its media richness. What does this concept meant, why it is useful to manager and briefly state how technology has contributed in...

Answered: 1 week ago

Question

★★★★★

What actions can you take to maximise the credibility and dependability of the data that you analyse? How can you ensure that the organisational and personal context in which the data have been...

Answered: 1 week ago

Question

★★★★★

What software for data entry and analysis is available to you? What might you do to enhance your competence and confidence with using it?

Answered: 1 week ago

Question

★★★★★

A sampling frame is: a The different stages involved in survey design. b A list of all the people in the research population from whom the sample will be drawn. c A set of random numbers. d The...

Answered: 1 week ago

Previous Question Next Question