Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Talk Time Cellular sells smart phones for $150. The unit variable cost per phone is $25. Fixed manufacturing costs total $5,600 per month, while fixed
Talk Time Cellular sells smart phones for $150. The unit variable cost per phone is $25. Fixed manufacturing costs total $5,600 per month, while fixed selling and administrative costs total $2,100. Talk Time expects sales of $12,300 next month. How much is the margin of safety estimated for next month?
A. | $3,060 |
B. | $4,600 |
C. | $14,760 |
D. | $9,240 |
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