Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-19A (Algo) Margin of safety LO 11-6 Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost

image text in transcribedimage text in transcribed

Exercise 11-19A (Algo) Margin of safety LO 11-6 Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: a. Contribution margin per unit. b. Number of units that Ender must sell to break even. $157 $90 $469,000 c. Sales level in units that Ender must reach to earn a profit of $113,900. d. Determine the margin of safety in units, sales dollars, and as a percentage. Complete this question by entering your answers in the tabs below. Req A to C Req D a. Contribution margin per unit. b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $113,900. a. Contribution margin b. Break-even in units c. Break-even in units to earn profit of $113,900 per unit Exercise 11-19A (Algo) Margin of safety LO 11-6 formation concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: a. Contribution margin per unit. b. Number of units that Ender must sell to break even. $157 $90 $469,000 c. Sales level in units that Ender must reach to earn a profit of $113,900. d. Determine the margin of safety in units, sales dollars, and as a percentage. Complete this question by entering your answers in the tabs below. Req A to C Req D' Determine the margin of safety in units, sales dollars, and as a percentage. Note: Round "Percentage" answer to 1 decimal place (i.e., 0.234 should be entered as 23.4). Margin of safety Units Sales Percentage %

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

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions