Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 45 Blossom Company makes radios that sell for $40 each. For the coming year, management expects fixed costs to total $126,380 and variable costs

image text in transcribed

Question 45 Blossom Company makes radios that sell for $40 each. For the coming year, management expects fixed costs to total $126,380 and variable costs to be $32 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point s LINK TO TEXT LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $890,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of safety TO TEXT Compute the sales dollars required to earn net income of $153,620 Required sales

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

Database Security And Auditing Protecting Data Integrity And Accessibility

Authors: Hassan A. Afyouni

1st Edition

0619215593, 9780619215590

More Books

Students also viewed these Accounting questions

Question

develop your skills of project planning.

Answered: 1 week ago

Question

evaluate different research strategies;

Answered: 1 week ago