Chapter 19 - Homework eBook Show Me How Calculator Print Item 1. EX.19-06.ALGO Margin of Safety 2. EX.19-07.ALGO a. If Canace Company, with a break-even point at $340,800 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 3. EX.19-08.ALGO 1. $ 139,200 2. 29 % 4. EX.19-09.ALGO 5. EX.19-13.ALGO b. If the margin of safety for Canace Company was 30%, fixed costs were $1,365,000, and variable costs were 70% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) 3,412,500 X 6. EX.19-16.ALGO 7. EX.19-21.ALGO Feedback Check My Work 8. EX.19-23.ALGO a. (Sales minus sales at break-even) divided by sales equals margin of safety. 9. EX.19-25.ALGO b. Sales minus variable costs equals contribution margin. Fixed costs divided by unit contribution margin equals break-even point. (Sales minus sales at break-even) divided by sales equals margin of safety. 10. PR. 19-02A.ALGO Learning Objective 5. 11. PR. 19-05A.ALGO 12. PR. 19-06A.BLANKSHEET.... Previous Check My Work Next Progress: 8/12 items Assignment Score: 54.09% All work saved. Save and Exit Submit Assignment for Grading