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Question 5: The total sales revenue of Nice Company was $150,000 for the last year. The fixed and variable expenses data of the last year

Question 5: The total sales revenue of Nice Company was $150,000 for the last year. The fixed and variable expenses data of the last year is given below. Calculate contribution margin and express it in percentage form. . [Total points 4 / 35]

Variable expenses:

Manufacturing

$60,000

Marketing and administrative

$30,000

Fixed:

Manufacturing

$10,000

Marketing and administrative

$8,000

Question 6. Beta Inc. has sales of $1,750,000, and the break-even point in sales dollars is $875,000. Determine the companys margin of safety as a percent of current sales.

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