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I have completed all of the steps except for f. I don't know how to find the margin of safety & it has to be
I have completed all of the steps except for f. I don't know how to find the margin of safety & it has to be a percentage. Thanks in advance.
Kidd Company produces two products. Budgeted annual Income statements for the two products are provided here Power Lite Total Budgeted Per Budgeted Budgeted Per Number Unit Budgeted Budgeted Budgeted Number Unit Amount Amount Number Amount Sales Variable cost Contribution margin Fixed cost Net income 168 5e8 -88,8e8 648 458 288,888 800 368,888 16832(51,200) 64 33(211,20) 8 (262,488 185,68e 168 18828.888 12,888 16,88e 648 12876.888 8e0 54,8e8) 22,8e0 (66,800) $ 39,688 Required a. Based on budgeted sales, determine the relative sales mix between the two products. b. Determine the weighted-average contribution margin per unit. c. Calculate the break-even polnt In total number of units. d. Determine the number of units of each product Kidd must sell to break even. e. Verify the break-even point by preparing an Income statement for each product as well as an Income statement for the combined products f. Determlne the margin of safety based on the combined sales of the two products. Complete this question by entering your answers in the tabs below Required A Required BRequired C Required DRequired ERequired F Determine the margin of safety based on the combined sales of the two products. (Round your answer to 1 decimal place (i.e., .234 should be entered as 23.4)) argin of safetyStep by Step Solution
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