Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ezt Budgeted sales in units Skin Cream Bath Oil Color Gel Expected sales price (a) 104,000 184,000 64.000 (b) Variable costs per unit (o) s
ezt Budgeted sales in units Skin Cream Bath Oil Color Gel Expected sales price (a) 104,000 184,000 64.000 (b) Variable costs per unit (o) s Sales revenue (a b) Variable costs (a c) 936.000 S 736.000 704,000 287,000 237,000 240,000 a. Determine the margin of safety as a percentage for each product (Round your answers to nearest whole percent) Margin of safety b. Prepare revised income statements for each product, assuming a 20 percent increase inthe budgeted Skin Cream Bath oil Color Gel contreutor margin Fixed cost Net income 3 c-1. For each product, determine the percentage change in net income that results from he 20peroert in sales (Round your answers to nearest whole pereent Percentage change in net income
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