Christian's Crayon Company produce and sell multi-colored crayons to stores. Christian has provided the following data c...
Christian's Crayon Company produce and sell multi-colored crayons to stores. Christian has provided the following data concerning his crayons:
| Selling price | $ | 104 | per unit |
| Current sales | 9,300 | units | |
| Break-even sales | 6,789 | units | |
What is the margin of safety in dollars?
Multiple Choice
-
$706,056
-
$967,200
-
$261,144
-
$515,421
Homework Answers
margin of safety=Total sales-Breakeven sales
=9,300-6,789
=2511 units
=(2511*104)
=$261144
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