Question: Exercise 22-16 a,c Ivanhoe Company estimates that variable costs will be 60.00% of sales, and fixed costs will total $608,000. The selling price of the

Exercise 22-16 a,c Ivanhoe Company estimates that variable costs will be 60.00% of sales, and fixed costs will total $608,000. The selling price of the product is $4. Compute the break-even point in (1) units and (2) dollars. (1) Break-even sales units (2) Break-even sales Assuming actual sales are $2,000,000, compute the margin of safety in (1) dollars and (2) as a ratio. (1) Margin of safety s (2) Margin of safety ratio % Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
