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

Question

1 Approved Answer

Units Sold 1020 Price $10 Sales $10,200 Variable manufacturing costs 4080 Fixed manufacturing costs 2040 Variable selling costs 1020 Fixed administrative costs 1020 Required: Using

Units Sold 1020
Price $10
Sales $10,200
Variable manufacturing costs 4080
Fixed manufacturing costs 2040
Variable selling costs 1020
Fixed administrative costs 1020

Required: Using the data provided, compute the margin of safety and margin of safety ratio.

1) What is the margin of safety?

2) What is the margin of safety ratios?

Please show work.

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

Comparative International Accounting Subsequent Edition

Comparative International Accounting Subsequent Edition

Authors: Christopher Nobes, R. H. Parker

5th Edition

0137364636, 9780137364633

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates?

Answered: 1 week ago

Question

★★★★★
Toni Pena is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Toni has compiled the following financial information as of December 31, 2012...

Answered: 1 week ago

Question

★★★★★
How do you think this problem should be treated?

Answered: 1 week ago

Question

★★★★★
Nova Electrics anticipated cash flow from operating activities of $6 million in 2011. It will need to spend $1.2 million on capital investments in order to remain competitive within the industry....

Answered: 1 week ago

Question

★★★★★
Lloyd is chronically-ill and received tax-qualified long-term care insurance benefits in 2018 amounting to $8,000 to cover a 30-day nursing home stay. What amount, if any, must he include in income...

Answered: 1 week ago

Question

★★★★★
Watch the Children of Men Movie, then discuss a review of the PLUM format References The PLUM format PLEASURES - What are the pleasures given to the audience by the film? Does it make them l...

Answered: 1 week ago

Question

★★★★★
In the field of computer networking there is an imprecise relationship between the level of use of a network communication bandwidth and the latency experienced in peer-to-peer communication. Let X~...

Answered: 1 week ago

Question

★★★★★
Time Left: 09:2 Uncategorized i Question Type: MCQ Question No. 14. Mark/s: 4.00 | Negative Mark/s: 0.00 A manufacturing firm would like to develop an aggregate plan for the next quarter. Data...

Answered: 1 week ago

Question

★★★★★
What is the correct way to pass a vector through this method declaration in C++? Where would it go exactly and what is the syntax for it? Thank you! void MergeSort (SortBy sortBy);

Answered: 1 week ago

Question

★★★★★
The use of loyalty programs in the marketplace allows companies to collect more and more data on customers. Some consumers do not realize this information is being compiled and used to market to...

Answered: 1 week ago

Question

★★★★★
(x) Consider the one-dimensional (1D) discrete system with linear springs depicted in Figure 1 for which we have the following data: 1) Boundary conditions (fixed support): U1 = 0, 42 = 0 2) External...

Answered: 1 week ago

Question

★★★★★
Identify internal corporate social responsibility practices in an organization.

Answered: 1 week ago

Question

★★★★★
Identify sustainable HRM practices in an organization.

Answered: 1 week ago

Question

★★★★★
How would you describe the new culture?

Answered: 1 week ago

Previous Question Next Question