Answered step by step
Verified Expert Solution
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 $ 170 Variable
Exercise 11-19A (Algo) Margin of safety LO 11-6 Information concerning a product produced by Ender Company appears here: Sales price per unit $ 170 Variable cost per unit $ 77 Total annual fixed manufacturing and operating costs $ 651,000 Required Determine the following: Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $213,900. Determine the margin of safety in units, sales dollars, and as a percentage.
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 $ 170 $ 77 $651,000 Required Determine the following: 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 $213,900. 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 Reg 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 $213,900. per unit a. Contribution margin b. Break-even in units c. Sales in units Req A to C ReqD> Complete this question by entering your answers in the tabs below. Req A to C Reg D Determine the margin of safety in units, sales dollars, and as a percentage. (Round "Percentage" answer to 1 decimal place (i.e., 0.234 should be entered as 23.4).) Units Sales Percentage % Margin of safetyStep 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