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If Canace Company, with a break-even point at $474,500 of sales, has actual sales of $650,000, what is the margin of safety expressed (1) in
If Canace Company, with a break-even point at $474,500 of sales, has actual sales of $650,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number
I only need help with b:
If the margin of safety for Canace Company was 25%, fixed costs were $1,235,625, and variable costs were 75% of sales, what was the amount of actual sales (dollars)?
Margin of Safety a. If Canace Company, with a break-even point at $474,500 of sales, has actual sales of $650,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $175,500 2. b. If the margin of safety for Canace Company was 25%, fixed costs were $1,235,625, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) 695,039X
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