Question: Please help. Not sure where I'm going wrong. QS 18-11 Margin of safety LO P2 Zhao Co. has fixed costs of $378,200. Its single product

 Please help. Not sure where I'm going wrong. QS 18-11 Margin

Please help. Not sure where I'm going wrong.

QS 18-11 Margin of safety LO P2 Zhao Co. has fixed costs of $378,200. Its single product sells for $179 per unit, and variable costs are $118 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales. Answer is complete but not entirely correct. Margin of safety Dollars 692,221 Percent 41 %

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!