Answered step by step
Verified Expert Solution
Question
1 Approved Answer
if the margin of safety for kirwan company was 35%, fixed cost were $1881425 and variable cost were 65% of sales what was the amount
if the margin of safety for kirwan company was 35%, fixed cost were $1881425 and variable cost were 65% of sales what was the amount of actual dollars
. If Kirwan Company, with a break-even point at $393,600 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in doflars and (2) as a gercentage of sales? 1.1 % b. If the margin of safety for Kirwan Company was 35%, fixed costs were $1,881,425, and variable costs were 65% of sales, what was the amount of actual sales (dollars (Hint: Determine the break-even in sales dollars first.) x Feedoak: rChea Mi Won a. (Soles minus seles at break-even) divided by asios equas margin of sadely. b. Salos minus variable costs equals contribution margin. Faed costs divided by unit contribution margin equals break-even point. (Sales minus sales at break-even) divided by sales equals margin of salety 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