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Highjinks inc has provided the following budgeted data

Question - Highjinks, Inc., has provided the following budgeted data:

Sales 20,000 units

Selling price $100 per unit

Variable expense $70per unit

Fixed expense $450,000

What is the company's margin of safety as a percentage of sales?

50%

100%

25%

75%

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Accounting Basics: Highjinks inc has provided the following budgeted data

Reference No:- TGS02864705

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Accounting Basics: Highjinks inc has provided the following budgeted data

Reference No:- TGS02864705

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