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Required information [The following information applies to the questions displayed below.) Solomon Company makes and sells products with variable costs of $24 each. Solomon Incurs
Required information [The following information applies to the questions displayed below.) Solomon Company makes and sells products with variable costs of $24 each. Solomon Incurs annual fixed costs of $413,400. The current sales price is $102. Note: The requirements of this question are interdependent. For example, the $312.000 desired profit Introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. 9. Assume that Solomon concludes that it can sell 13,000 units of product for $80 each. Recall that variable costs are $30 each and fixed costs are $310,000. Compute the margin of safety in units and dollars and as a percentage (Do not round intermediate calculations. Round your answers to the nearest whole number. Round your percentage answer to nearest whole percentage For example, 0.1234 should be entered as 12%) Answer is complete but not entirely correct. Margin of safety in units Margin of safety in dollar Margin of safety 7.700 $785.400 59
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