Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company sells calculators for $117. Variable costs associated with this product are $40 per unit and fixed costs associated with this product are $59,000.

A company sells calculators for $117. Variable costs associated with this product are $40 per unit and fixed costs associated with this product are $59,000. Total sales in the year just ended were 3,000 units.

What is the margin of safety?

Select one:

a. 2734 units

b. 2234 units

c. 2496 units

d. 1525 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions