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Question 13 (3 points) Goldman Sachs Furniture Makers (GCFM) makes one piece of furniture in recent years, the banker table. It is a wonderful oak
Question 13 (3 points) Goldman Sachs Furniture Makers (GCFM) makes one piece of furniture in recent years, the banker table. It is a wonderful oak table, very strong and very beautiful. It has room to seat 6 people. Financial information relating to the company and product for next year is provided below. Financial details per unit: Selling price Variable selling cost Variable overhead cost Direct labour cost Direct material cost $520 35 25 110 225 Next year, GCFM expects to make and sell 20,800 banker tables. It is expected to be a very good year due to the latest fad of people using wood tables. Fixed administrative costs are expected to total $530,000 and fixed manufacturing are expected to total $359,000. Required: Calculate GCFM's expected margin of safety in units for next year. Your
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