Answered: A. From the following particulars:…

A. From the following particulars: Sales $ 120,000 Variable Cost $ 60,000 Fixed Cost $ 60,000 Calculate: 4. Break Even Point in $ sales 5. Margin of Safety 6. Profit when sales are $500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A. From the following particulars:

Sales $ 120,000

Variable Cost $ 60,000

Fixed Cost $ 60,000

Calculate:

4. Break Even Point in $ sales

5. Margin of Safety

6. Profit when sales are $500,000

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