Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 12 points Save Acc Zurbrigg's Marvelous Pinky Rings sells each of it's unique rings at a price of $1500 each. The rings

image text in transcribed

Question 10 12 points Save Acc Zurbrigg's Marvelous Pinky Rings sells each of it's unique rings at a price of $1500 each. The rings have a variable cost of $600 and Zurbrigg's Marvelous Peky Rings has fixed costs of $9000. To breakeven, the company needs to sell 10 units a) if Zurbrigg's Marvelous Pinky Rings is budgeted to sell 30 rings, what is the margin of safety? (please don't include $ or commas or decimal points .. use 2000 not $2,000.00) Your answer is $ b) Using the information above, what is the Margin of Safety Percentage? (please don't include % or decimals ie, use 20 not 20.22%) Your answer is

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

Financial and Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

13th edition

1285866304, 978-1285866307

More Books

Students also viewed these Accounting questions

Question

When are objects on the periphery of your vision most noticeable?

Answered: 1 week ago

Question

5. Talk at the right times with the right tone of voice and volume.

Answered: 1 week ago