Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the margin of safety for Kirwan Company was 3 0 % , fixed costs were $ 1 , 4 9 9 , 4 0

If the margin of safety for Kirwan Company was 30%, fixed costs were $1,499,400, and variable costs were 70% of sales, what was the amount of actual sales (dollars)?(Hint: Determine the break-even in sales dollars first.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

Which kind of lens is used to make a magnifying glass?

Answered: 1 week ago