Data concerning the next month's budget appears below: $ 26 Selling price per unit Variable expense...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Data concerning the next month's budget appears below: $ 26 Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 14 $ 10,080 990 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decinal places (.e. .1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage Data concerning the next month's budget appears below: $ 26 Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 14 $ 10,080 990 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decinal places (.e. .1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage
Expert Answer:
Answer rating: 100% (QA)
1 Calculate the companys margin of safety Units sales per month is 1000 Selling Price per unit is ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Do not round intermediate calculation; however for display purposes report intermediate steps rounded to four significant figures, Give your final answer(s) so four significant figures. The small...
-
Selling price per unit $750 Variable cost per unit $450 Annual fixed cost $180,000 Net income after tax $360,000 Tax rate 25% 1)Reduce the selling price by $60. The sales team forecast that with a...
-
The management of Acme Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $100,000. The variable cost for the product is...
-
Kim and Kanye have been dating for years and are now thinking about getting married. As a financially sophisticated couple, they want to think through the tax implications of their potential union....
-
Postretirement benefits other than pensions (OPRBS) are similar to defined benefit pension plans in some respects and different in others. Required: a. Discuss the characteristics of OPRBs that make...
-
If the vertices of a triangle are A(10, 16), B(4, 9), and C(8, 1), find mABC.
-
Using the accrual accounting basis, when are revenues and expenses recognized?
-
Is Consumer Behavior More a Function of a Persons Age or Generation? One of the widely debated issues in developing marketing programs that target certain age groups is how much consumers change over...
-
On January 1, Year 1, Grade Company paid $300,000 for 20,000 shares of Medium Company's common stock, which represents a 15% investment in Medium. Grade does not have the ability to exercise...
-
Determine the reactions at the roller B, the rocker C, and where the beam contacts the smooth plane at A. Neglect the thickness of the beam. 3 5 + A 4 m 500 N B -2 m- 800 N 60 -6 m- C
-
Another version of the knapsack problem is to let the set U contain a set of types of items, and the objective is to fill the knapsack with any number of items of each type in order to maximize the...
-
Exactly 3 firms are competing by simultaneously choosing quantity in a market. Each firm has the long run cost function of C, (q) = 10q,. Inverse market demand is PD (Q) = 180-2Q where Q=q1+ q2 + 93....
-
Suppose you want to learn a decision tree from the simple dataset listed in the table below. There are 8 samples, each with 3 binary attributes (X1, X2, X3) and a binary class label (Y). Use the data...
-
Activity- Week 6 Network Layer Packet and Data Link Layer Frame - Headers Details A: 192.168.10.10 AA:AA:AA:AA:AA:AA B B: 192.168.10.11 BB:BB:BB:BB:BB:BB **** * a. S1 R1: 192.168.10.1...
-
Required:Part A - ?Consolidation Question On 0 1 0 7 / 2 0 2 1 , ?S forzando Ltd acquired 1 0 0 % ?of the issued shares of Fortepiano Ltd for: At the date of acquisition, the Owners' Equity of...
-
-A window washer is standing on a scaffold supported by a vertical rope at each end. The scaffold weighs 300 N and is 4.50 m long. What is the tension in each rope when the 600-N worker stands 1.30 m...
-
Question 3 Run the regression of VWNFX on vwretd. = 0.05 using the formulas in the class notes. a. Compute a 90% prediction interval for VWNFX when vwretd b. Check your work in part (a) by computing...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
The Shannon Paint Company prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the be-ginning of the blending process...
-
Crooked River Corporation is preparing its statement of cash flows (indirect method) for the past year. Listed below are items used in preparing the companys statement of cash flows. Specify how each...
-
Hupley manufacturing had a 1.60 operating leverage factor when sales were $ 45,000. Hupley Manufacturings contribution margin ratio was 20%. What were the companys fixed expenses?
-
American firms increasingly adopt stock compensation plans to compensate mid- to high-level managers. Companies are motivated to use stock options as a large portion of the compensation mix because...
-
Snappel Inc. is considering the purchase of new equipment for a purchase price of \(\$ 105,000\). The equipment has an estimated useful life of 5 years and an estimated cash salvage value of \(\$...
-
Keenlen Inc. is considering the purchase of new manufacturing equipment requiring an initial \(\$ 580,000\) investment and having an expected eight-year useful life. At the end of its life, the...
Study smarter with the SolutionInn App