Question
Selling price per unit $ 28 Variable expense per unit $ 13 Fixed expense per month $ 12,150 Unit sales per month 960 Required: 1.
| Selling price per unit | $ 28 |
|---|---|
| Variable expense per unit | $ 13 |
| Fixed expense per month | $ 12,150 |
| Unit sales per month | 960 |
Required:
1. What is the companys margin of safety? (Do not round intermediate calculations.)
2. What is the companys margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
10th edition
1133940595, 978-1133940593
