FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shamus Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of

image text in transcribed

Shamus Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $10,000. At an actual sales of 1,000 units, what is their margin of safety ratio? Select one: 25.0% 33.3% O 50.0% 80.0% O 40.0% 60.0%

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

Marketing Audit Of A Private Health Care Facility Case Of The Bondeko Clinic

Marketing Audit Of A Private Health Care Facility Case Of The Bondeko Clinic

Authors: Tyty ELOOT ONDAIN

1st Edition

ISBN: 6204271237, 978-6204271231

More Books

Students also viewed these Accounting questions

Question

★★★★★
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2017. During 2018, Lonergan, Inc., distributes $140,000 to its...

Answered: 1 week ago

Question

★★★★★
Analyze the components of the consumer decision-making process 6872

Answered: 1 week ago

Question

★★★★★
Opium when dissolved in water and filtrate is treated with ferric chloride solution, it shows____________colour : a) Reddish purple b) Green c) Yellow d) Orange

Answered: 1 week ago

Question

★★★★★
1. Review the concept of supply chain management. Although Passing Lane offers services rather than products, could the SCM concept apply to the design of the new system? Why or why not? 2. What...

Answered: 1 week ago

Question

★★★★★
Shamus Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $10,000. At an actual sales of 1,000 units, what is their margin of...

Answered: 1 week ago

Question

★★★★★
While attending a local art showcase, Marianna finds a piece of art that she absolutely loves, but can in no way afford. The piece is priced at $1,000, but Marianna only budgeted $500. She believes, h

Answered: 1 week ago

Question

★★★★★
The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Account Title Accounts receivable Accumulated depreciation-Trucks Accounts payable Salaries payable Number 101...

Answered: 1 week ago

Question

★★★★★
Larkspur Corporation borrowed $78,000 on November 1, 2025, by signing a $79,755, 3-month, zero-interest-bearing note. Prepare Larkspur's November 1, 2025, entry; the December 31, 2025, annual...

Answered: 1 week ago

Question

★★★★★
Waterway, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Gary King, president of Waterway, Inc., has gathered the following cost information from the...

Answered: 1 week ago

Question

★★★★★
MOLLY DISTRIBUTORS Adjusted Trial Balance December 31 Credit Debit $30,200 Cash 110,200 Accounts Receivable 94,000 Inventory 2,400 Prepaid Insurance 6,400 Supplies 85,000 Delivery Equipment...

Answered: 1 week ago

Question

★★★★★
A rescued whale is released into the ocean 400 meters due east of a coast guard station. The whale swims directly away from the shore. coast guard station point of release whale (a) Which of the...

Answered: 1 week ago

Question

★★★★★
3. Is the length of the probationary period in the last chance agreement reasonable? If not, does this period make the last chance agreement unreasonable? On March 27, 1998, the Company, the Union,...

Answered: 1 week ago

Question

★★★★★
5. You be the arbitrator. Should the Grievance be sustained or denied? Explain your reasoning. Background On March 30, 2006, David Gates was arrested and charged with felony Conspiracy to Distribute...

Answered: 1 week ago

Question

★★★★★
6. You be the arbitrator. You decide and give your reasoning. On March 27, 1998, the Company, the Union, and Mr. Danny Webb, the Grievant, entered into and signed the following Agreement: Without...

Answered: 1 week ago

Previous QuestionNext Question