Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Americana Replics is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 63

Americana Replics is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 63 flintlock muskets per month. Cost data for the muskets are as follows:

Price per unit $750 Variable costs per unit 480 Fixed costs per month 8,400

If Rustic expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue?

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_2

Step: 3

blur-text-image_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

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

17th Edition

1260247783, 978-1260247787

More Books

Students also viewed these Accounting questions

Question

Describe how stocks are bought and sold in the secondary market?

Answered: 1 week ago