Question: Quincy s Bait Shop had budgeted bait sales for the season
Quincy’s Bait Shop had budgeted bait sales for the season at $10,000, with a $2,000 margin of safety. However, due to unseasonable weather, bait sales reached only $9,200. Actual sales exceeded break-even sales by what amount?
Answer to relevant QuestionsRegina Repair Shop has a monthly target operating income of $32,000. Variable expenses are 75% of sales, and monthly fixed expenses are $8,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop ...Stancil Drycleaners has determined the following about its costs: Total variable expenses are $38,000, total fixed expenses are $36,000, and the sales revenue needed to break even is $45,000. Use the contribution margin ...Refer to Alexandre’s Steel Parts in E7-44B. Alexandre feels like he is in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. ...Use the Airborne Travel data in E7-38B to answer the following questions. Requirements 1. What is Airborne Travel’s current margin of safety (in dollars)? 2. What is Airborne Travel’s current operating leverage ...Personal Investors is opening an office in Whitehorse. Fixed monthly expenses are office rent ($2,500), depreciation on office furniture ($260), utilities ($280), special tele- phone lines ($600), a connection with an online ...
Post your question