Question: Section B: Problem Solving Question 1: (Total: 17 marks) (10 marks) Gold Shop made total sales for $145,000 in 2018. Total variable costs and fixed

 Section B: Problem Solving Question 1: (Total: 17 marks) (10 marks)
Gold Shop made total sales for $145,000 in 2018. Total variable costs

Section B: Problem Solving Question 1: (Total: 17 marks) (10 marks) Gold Shop made total sales for $145,000 in 2018. Total variable costs and fixed costs were $68.000 and $38,000. Sales quantity is 1,200 units. Required: Compute the following: a) Calculate the breakeven point in sales dollar amount). (2 marka) (mas-uc 14,000-68,000 = 80,000 CM 2cm BE = EL A b) Calculate the breakeven point (in unit amount). (2 marks) c) Calculate the margin of safety. d) Calculate the margin of safety ratio. (2 mar: el How many units should Gold Shop sell in order to achieve a target profit of $52,000. (round un the figure)

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