Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Manufacturing Company has the following projected income statement for the next fiscal period based on sales of 90,000 units. Sales $8190000 Variable costs 6142500

Oriole Manufacturing Company has the following projected income statement for the next fiscal period based on sales of 90,000 units.

Sales $8190000
Variable costs 6142500
Contribution margin 2047500
Fixed costs 1100000
Net operating income $947500

Orioles projected margin of safety ratio is

1.25

0.46

1.38

0.25

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions