Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dolly (Pty) Ltd has sales of 1 800 units. The selling price and variable cost per unit are R63 and R27 respectively. Fixed costs are
Dolly (Pty) Ltd has sales of 1 800 units. The selling price and variable cost per unit are R63 and R27 respectively. Fixed costs are R16 200. What is the margin of safety ratio?
a. 66%
b. 75%
c. 82%
d. 84%
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