Homework Answers
Requirement 2
Margin of safety= 31.10%
You needed to put the answer in 2 decimal place that is 31.10%.
Requirement 3
Required sales = $1,110,000
Working.
| A | Actual Sales | $ 900,000.00 |
| B | Breakeven sales | $ 620,100.00 |
| C=A-B | Margin of safety sales | $ 279,900.00 |
| D=C/A | Margin of safety ratio | 31.100% |
.
| A | Sale Price per unit | $ 30.00 |
| B | Variable Cost per Unit | $ 18.00 |
| C=A x B | Unit Contribution | $ 12.00 |
| D | Total Fixed cost plus desired profit | $ 444,000.00 |
| E=D/C | Units to earn desired profit | 37000.00 |
| F= E x A | Sales $ to earn desired profit | $ 1,110,000.00 |
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got the first part right but don’t know why i keep getting the last two parts wrong CALCULATOR PRINTER VERSION BACK...
Ivanhoe Company makes radios that sell for $40 each. For the coming year, management expects fixed...
Ivanhoe Company makes radios that sell for $40 each. For the
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
$
LINK TO TEXT
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
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Ivanhoe Company makes radios that sell for $40 each. For the
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
$
LINK TO TEXT
LINK TO TEXT
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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Please answer all :))
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Break-even point
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ratio to 2 decimal places, e.g. 10.50%.)
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