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Wayhaven, Inc. has provided the following information regarding its costs. Units Cost Information Selling price S 5 Variable costs $ 3 Fixed costs $50,000 w
Wayhaven, Inc. has provided the following information regarding its costs. Units Cost Information Selling price S 5 Variable costs $ 3 Fixed costs $50,000 w on Knowledge Check 01 If Wayhaven wants to earn a profit of $30,000, how many units should it sell? O 25,000 units 30,000 units O 35,000 units 40,000 units Knowledge Check 02 If Wayhaven wants to earn a target profit of $40,000, what is the target sales amount in dollars? Use the contribution margin ratio method. $225,000 O $50,000 O $150,000 O $135,000 Knowledge Check 01 Shorebridge Repair's current sales revenue is $150,000 and its break-even sales point is $120,000. It incurs fixed costs of $100,000. What is its margin of safety? O $150,000 O $50,000 O $120,000 O $30,000 Knowledge Check 02 Shorebridge Repair's current sales revenue is $150,000 and its break-even sales point is $120,000. It incurs fixed costs of $100,000. What is its margin of safety as a percentage of sales? O 20% 80% O 66.67% O 33.33%
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