Question: Omicron Beverages Item Value Sales price per unit $18.00 Variable cost per unit $10.00 Fixed manufacturing cost $5,000 total Fixed selling and administrative cost $1,500

  1. Omicron Beverages

Item

Value

Sales price per unit

$18.00

Variable cost per unit

$10.00

Fixed manufacturing cost

$5,000 total

Fixed selling and administrative cost

$1,500 total

  1. Omicron Beverages planned to produce and sell 2,000 units. Actual production and sales amounted to 2,100 units. Required:
    1. Calculate the margin of safety in units.
    2. Prepare a master budget income statement.

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