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Lin Corporation has a single product whose selling price is $120 per unit and whose variable expense is $80 per unit. The company's monthly fixed
Lin Corporation has a single product whose selling price is $120 per unit and whose variable expense is $80 per unit. The company's monthly fixed expense is $50,000. Required 1. Calculate the unit sales needed to attain a target profit of $10,000 2. Calculate the dollar sales needed to attain a target profit of $15,000 (For all requirements, do not round intermediate calculations.) 1. Units sales to attain target profit 2. Dollar sales to attain target profit 1,500 Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: $ 30 Selling price per unit Variable expense per unit 20 Fixed expense per month Unit sales per month $ 7,500 1,000 Required: 1. What is the company's margin of safety? 2. What is the company's margin of safety as a percentage of its sales? 1. Margin of safety (in dollars) 2. Margin of safety percentage
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