Basic CVP Concepts: Basic Concepts $-$ Knowledge Check

Knowledge Check

Ivanhoe Company has a unit selling price of $$18,$ a unit variable cost of $$7\mathrm{.}20,$ and total fixed costs of $$25,920.$ During the current year, it sold $2,800$ units.

Compute the break$-$even point in sales units and the margin of safety in dollars.

Break$-$even in sales units

units

Margin of safety in dollars

$

Attempts: $0$ of $3$ used

Basic CVP Concepts: CVP and Changes in the Business Environment $-$ Lecture Video $(5$min $)$