Exercise 11-19 Margin of safety Information concerning a product produced by Ender Company appears here: Sales...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Exercise 11-19 Margin of safety Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: a. Contribution margin per unit. $200 $80 $600,000 b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $240,000. d. Determine the margin of safety in units, sales dollars, and as a percentage. Round the per- centage to one decimal place. Exercise 11-19 Margin of safety Information concerning a product produced by Ender Company appears here: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: a. Contribution margin per unit. $200 $80 $600,000 b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $240,000. d. Determine the margin of safety in units, sales dollars, and as a percentage. Round the per- centage to one decimal place.
Expert Answer:
Answer rating: 100% (QA)
a Contribution margin per unit Contribution margin per unit Sales price per unit Variable cost per u... View the full answer
Posted Date:
Students also viewed these accounting questions
-
The John Horgan government will finish building Site C dam, despite new estimates that now put the cost of completing the dam at $16 billion. The dam will also be one year behind schedule in...
-
Ms. Robin Nestor is provided with an automobile that is owned by her employer. The employer purchased the car in 2018 for $54,000, plus $7,020 in HST. During 2019, she drives a car a total of 72,000...
-
If you were going to open a new business, what type would it be? Why?
-
Use phasor addition to find the resultant amplitude and phase constant when the following three harmonic functions are combined: E1 = sin (wt (/6), E2 = 3.0 sin (wt + 7 /2), and E3 = 6.0 sin (wt +...
-
The document that identifies and explains all differences between the companys record of cash and the banks record of that cash is the a. bank reconciliation. b. bank collection. C. bank statement....
-
(Deferred Tax Asset with Previous Valuation Account) Assume the same information as E19-14, except that at the end of 2010, Callaway Corp. had a valuation account related to its deferred tax asset of...
-
An epicyclic gear train, as shown in Fig.15.27, has a sun wheel S of 30 teeth and two planet wheels P ofteeth 50 each. The planet wheels mesh with the teeth of internal gear A. The driving shaft...
-
Builder Products, Incorporated, uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....
-
What is meant by integrity?
-
What is an audit strategy?
-
What is the effect of centrifugal tension on power transmission?
-
Why is an audit program considered tentative? What could cause it to be changed?
-
+Apply the simplified Espresso algorithm to the following function. Show a K-map for each algorithm routine that changes one or more implicants. \[F(A, B, C, D)=\bar{A} \bar{B} \bar{D}+\bar{B}...
-
Develop a PowerPoint presentation, The content should focus on some aspect of social media use in the workplace. Potential examples include the importance of companies embracing social media,...
-
You purchase a bond with a coupon rate of 6.7 percent, a par value $1,000, and a clean price of $905. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is...
-
A reversible heat engine working between two thermal reservoirs at \(875 \mathrm{~K}\) and \(315 \mathrm{~K}\) drives a reversible refrigerator which operates between the same \(315 \mathrm{~K}\)...
-
2 kg of water at \(80^{\circ} \mathrm{C}\) is mixed adiabatically with \(3 \mathrm{~kg}\) of water at \(30^{\circ} \mathrm{C}\) in a constant pressure process of 1 atmosphere. Find the increase in...
-
A heat engine operating between two reservoirs at \(1000 \mathrm{~K}\) and \(300 \mathrm{~K}\) is used to drive a heat pump which extracts heat from the reservoir at \(300 \mathrm{~K}\), at a rate...
Study smarter with the SolutionInn App