a. If Lambert Company, with a break-even point at $300,000 of sales, has actual sales of $400,000,
Question:
b. If the margin of safety for Ingram Company was 25%, fixed costs were $450,000, and variable costs were 60% of sales, what was the amount of actual sales (dollars)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted: