Accounting Help. Thanks!
Please help me find margin of safety ratio and total increase in sales required. I have already found most of the answers. Thank you
Homework Answers
Margin of safety ratio = Margin of safety/Present sales
= 55,000/86,000
= 63.95%
Contribution margin per unit = Selling price per unit - Variable cost per unit
= 43-15.91
= $27.09
Present contribution margin = Contribution margin per unit x Number of units sold
= 27.09 x 2,000
= $54,180
Increase in contribution margin needed = 41%
= 54,180 x 41%
= $22,214
Increase in contribution margin needed = Increase in sales x Contribution margin ratio
22,214 = Increase in sales x 63%
Increase in sales = 22,214 x 100/63
= $35,260
Note: Exact answer may slightly differ due to rounding off
Kindly comment if you need further assistance.
Thanks‼!
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coming year, management expects fixed costs to total $153,360 and
variable costs to be $28 per unit.
Your answer is incorrect. Try again.
Compute the break-even point in dollars using the contribution
margin (CM) ratio.
Break-even point
$
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Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
$720,000. (Round margin of safety ratio to 2 decimal...
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following data for 2016.
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units
Sales price
$130
per unit
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Fixed costs
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What is the contribution margin ratio? (Round
answer to 0 decimal places, e.g. 5,275.)
Contribution margin ratio
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What is the break-even point in dollars? (Round
intermediate calculation and final answers to 0 decimal places,
e.g. 5,275.)
Break-even point
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the whole problem wouldnt fit in frame so i posted 2 pictures
please help!
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got the first part right but don’t know why i keep getting the
last two parts wrong
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