Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sheffield Corp. had actual sales of $900000 when break-even sales were $540000. What is the margin of safety ratio? 40% 67% 33% 60% Sales are

image text in transcribed
Sheffield Corp. had actual sales of $900000 when break-even sales were $540000. What is the margin of safety ratio? 40% 67% 33% 60% Sales are $500000 and variable costs are $280000. What is the contribution margin ratio? 79%. 44%. Cannot be determined because amounts are not expressed per unit. 56%. Sunland Company sells a product with a contribution margin of $16 per unit, fixed costs of $223200, and sales for the current year of $320000. How much is Sunland's breakweven point? 9730 units $96800 13950 units 6050 units Sheridan Company produces flash drives for computers, which it sells for $20 each. The variable cost to make each flash drive is $13. During April, 500 drives were sold. Fixed costs were $1400 for the month. How much is the monthly breakeven level of sales in dollars for Sheridan? $4000 $200 $2000 $15000 Watenivay Industries produces only one product. Monthly fixed expenses are $13000, monthly unit sales are 4000, and the unit contribution margin is $10. How much is monthly net income? $53000 $40000 $27000

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

Managerial Accounting The Cornerstone Of Business Decision Making

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

8th Edition

0357715349, 978-0357715345

More Books

Students also viewed these Accounting questions

Question

The most effective security is _ _ _ _ _ .

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago