Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the current year, OutlyTech Corp. expected to sell 24,300 telephone switches. Fixed costs for the year were expected to be $12,145,500, the unit sales

During the current year, OutlyTech Corp. expected to sell 24,300 telephone switches. Fixed costs for the year were expected to be $12,145,500, the unit sales price was budgeted at $3,350, and unit variable costs were budgeted at $1,560.

OutlyTech's margin of safety ratio (MOS %) is: (Do not round intermediate calculations.)

Multiple Choice

  • 76.97%.

  • 93.32%.

  • 72.07%.

  • 87.82%.

  • 71.07%.

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

Construction Accounting And Financial Management

Authors: Steven J. Peterson

1st Edition

0131109391, 978-0131109391

More Books

Students also viewed these Accounting questions

Question

Why are so many people afraid of communication?

Answered: 1 week ago