a. If Kirwan Company, with a break-even point at $547,200 of sales, has actual sales of $760,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?

b. If the margin of safety for Kirwan Company was 35%, fixed costs were $1,660,750, and variable costs were 65% of sales, what was the amount of actual sales (dollars)?

Answer rating: 100% (QA)

Lets start by calculating the safety margin for Kirwan Company One margin of safety The margin of sa... View the full answer