Question: please post answers clearly. 2 0 707 Required information The following information applies to the questions displayed below) Gibson Company makes and sells products with

please post answers clearly.
please post answers clearly. 2 0 707 Required information The following information

2 0 707 Required information The following information applies to the questions displayed below) Gibson Company makes and sells products with variable costs of $24 each Gibson Incurs annual fixed costs of $366,360 The current sales price is $95. Note: The requirements of this question are interdependent. For example, the $284.000 desired profit introduced in Requiremente also applies to subsequent requirements. Likewise, the S80 sales price introduced in Requirement d applies to the subsequent requirements. 01:02:11 os Print 9. Assume that Gibson concludes that it can sell 11.600 units of product for $80 each. Recall thot variable costs are $30 each and fixed costs are $296,000. Compute the margin of safety in units and dollars and as a percentage (Do not round Intermediate calculations. Round your answers to the nearest whole number. Round your percentage answer to nearest whole percentage For example, 0.1234 should be entered as 12%) erences Margin of safety in units Margin of safety in dollars Margin of safety

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!