Question
Question 7: 10 marks Tims Tools, Inc. produces tape dispensers. The selling price is $12 per dispenser. The variable cost of production is $4.80 per
Question 7: 10 marks
Tims Tools, Inc. produces tape dispensers. The selling price is $12 per dispenser. The variable cost of production is $4.80 per dispenser and the fixed cost per month is $20,448. For November, the company expects to sell 3,100 tape dispensers.
Instructions:
- Calculate expected profit. (5 marks)
- Calculate the margin of safety in dollars. (5 marks)
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
