Margin of safety in sales dollars, Accounting Basics

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Margin of safety in sales dollars

Problem:

Assume a sales volume of 6,000 units, unit selling price of $20, unit variable cost of $12, and total fixed costs of $20,000.

Required:

Question: What is the margin of safety in sales dollars?

A. $25,000

B. $50,000

C. $70,000

D. $120,000

Note: Please show the work not just the answer.

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Accounting Basics: Margin of safety in sales dollars

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Accounting Basics: Margin of safety in sales dollars

Reference No:- TGS0882239

Have a Question? (oR Write a Review)

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Margin of safety in sales dollars

Reference No:- TGS0882239

Recent Questions Asked Accounting Basics

Q : Explain fisher''s fundamental theorem

Q : Generally accepted accounting principles

Q : Explain extracellular digestion

Q : Employees withholding taxes

Q : Margin of safety in sales dollars

Q : Prepare an income statement for the year

Q : Explain advantages of animals with complete digestive tube

Q : Lockhards built-in gains tax

Q : Why genetic drift generatea negative linkage disequilibrium

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