Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calley Co.s margin of safety for the last period was 20%. The company incurred $900,000 in fixed costs for the period and its contribution margin

Calley Co.s margin of safety for the last period was 20%. The company incurred $900,000 in fixed costs for the period and its contribution margin ratio was 25%. The break-even was calculated at 12,000 units. What were the actual total sales revenues for the period? a) $225,000 b) $1,500,000 c) $4,320,000 d) $4,500,000

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

Recommended Textbook for

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

14th Edition

0324374178, 978-0324374179

More Books

Students also viewed these Accounting questions

Question

Simplify each expression. a + a

Answered: 1 week ago