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Ivanhoe Co. estimates that variable costs will be 70% of sales and fixed costs will total $3,040,800. The selling price of the product is $14.00,
Ivanhoe Co. estimates that variable costs will be 70% of sales and fixed costs will total $3,040,800. The selling price of the product is $14.00, and 760,000 units will be sold. Using the mathematical equation, (a) Your answer has been saved. See score details after the due date. Compute the break-even sales units and sales dollars. Break-even sales units 724000 units Break-even sales dollars $ 10136000 Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Compute the margin of safety in dollars and as a ratio. (Round margin of safety ratio to 1 decimal place, e.g. 52.7.) Margin of safety in dollars $ 504000 Margin of safety ratio 4.7 % Attempts: 1 of 1 used (c) Compute net income. Net income $
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