Question: financial & Managerial Accounting18th Edition Chapter 20 Made up problem Our sales price is $ 300 our fixed price is $230000 our targeted income is

financial & Managerial Accounting18th Edition

Chapter 20

Made up problem

  • Our sales price is $ 300
  • our fixed price is $230000
  • our targeted income is $150000
  • Our variable cost/ Unit $80

Q1) Give Contribution Margin Ratio

Q2) Sales needed in Dollar and Units

Q3) If we sell 3600 Units What is our Margin of safety in dollar and Unit

Q4) If our Sales Increased by 10% by How much will our profit change in dollar.

Please try to give me the formula and explanation, Thank you so much for your time.

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