Question
Exercise 22-13 Glacial Company estimates that variable costs will be 62.5% of sales, and fixed costs will total $600,000. The selling price of the product
Exercise 22-13 Glacial Company estimates that variable costs will be 62.5% of sales, and fixed costs will total $600,000. The selling price of the product is $4. Compute the break-even point in (1) units and (2) dollars. (Round intermediate calculation to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) (1) Break-even sales units (2) Break-even sales $ LINK TO TEXT LINK TO TEXT Assuming actual sales are $2,000,000, compute the margin of safety in (1) dollars and (2) as a ratio. (Round ratio to 0 decimal places, e.g. 20.) (1) Margin of safety $ (2) Margin of safety ratio % LINK TO TEXT LINK TO TEXT
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