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Marathon Company makes and sells a single product. The current selling price is $20 per unit. Variable expenses are $12 per unit, and fixed expenses
Marathon Company makes and sells a single product. The current selling price is $20 per unit. Variable expenses are $12 per unit, and fixed expenses total $60,200 per month. (Unless otherwise stated, consider each requirement separately.) Problem 12-25 (Algo) Part a Required: a. Calculate the breakeven point expressed in terms of total sales dollars and sales volume. Note: Do not round intermediate calculations. b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $170,500. Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places
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