Question: How would I answer these 2 questions and what would the numbers be? For Korb Company, actual sales are $1,240,000 and break-even sales are $880,400.

How would I answer these 2 questions and what would the

How would I answer these 2 questions and what would the numbers be?

numbers be? For Korb Company, actual sales are $1,240,000 and break-even sales

For Korb Company, actual sales are $1,240,000 and break-even sales are $880,400. Calculate the margin of safety in dollars and the margin of safety ratio. Margin of safety in dollars $ Margin of safety ratio LINK TO TEXTMarigold Toys has actual sales of $406000 and a break-even point of $280140. How much is its margin of safety ratio? 31% 69% 245% 44.9%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Gundy Company expects to produce 1,234,080 units of Product XX in 2012. Monthly production is expected to range from 80,520 to 119,500 units. Budgeted variable manufacturing costs per unit are:...

THANK YOU for your help, 1. Meriden Company has a unit selling price of $550, variable costs per unit of $330, and fixed costs of $154,220. Compute the break-even point in units using the...

BE5-7 Radial Inc. had sales of $2,400,000 for the first quarter of 2014. In making the sales, statement. the company incurred the costs and expenses shown on page 222. (LO 5), AP 5 Cost-Volume-Profit...

Project 1: CVP Income Statement (10 points) Instructions: Prepare your solutions in Excel, and upload your Excel file to Moodle by The deadline specified by your instructor. Do NOT email your filel...

P Save 5 Checamy 11 points Pierce Phones is considering the introduction of a new model of headphone whose selling price is $21 per unit and whose variable expense is $16 per unit. The company's...

please answer these questions by tomorrow. 1. For Flynn Company, variable costs are59% of sales, and fixed costs are $181,000. Managements net income goal is $63,000. Compute the required sales in...

Part - A True or False and Multiple Choice Questions: SLO: 1, 2 & 3 (7x1=7 Marks) Question No:1 True or False Questions: Answer all (Write in box True or False") 1. Cost-Benefit and behavioral...

Answer the following questions clearly showing your workings Thi) The following Assets were purchases on 1" April, 2018. Ksh '000' Processing 400 machinery Office Curtains 150 Fax Machine 100 The...

Answer the questions from the information provided. As far as possible use the contribution margin model to present your answers. Use the information provided below to calculate the expected...

Wonder Amusements Limited (WAL) was incorporated over 40 years ago as an amusement park and golf course. Over time, a nearby city has grown to the point where it borders on WALs properties. In recent...

An owner of two cats is trying to decide if it is cheaper to order cat food over the Internet or to buy the food locally. Listed below are the prices (in dollars) quoted for two bags of cat food from...

3.13 Attendance The teachers of a school collected data on the self-reported numbers of sick leaves taken by students in the months of September and October. September: 8, 3, 2, 1, 6, 4, 1, 8, 2, 2,...

i hope it gets solved asap , thank you a) clo Draw an activity-on-node diagram for the project outlined in the following table. Task Duration (Weeks) Follows 3 B 7 A 9 A D 3 E BD F 3 E G 2 F H 3 CF 1...

12. The form of creative action strategy, where would you say you have a strength, as a dreamer, as a realist or as a critic?

16. Now put the areas you have ranked in order of priority and reflect on which values they correspond to in your value hierarchy.

14. Now reconcile what you answered to problem 15 with problem 13.