Corey company has a margin of safety percentage of 20%. The break even point is 285,000 and the variable costs are 30% of sales. Give the information , the operating profit is? $49,875 $17,100 $21,375 $39,900

Corey company has a margin of safety percentage of 20%. The break even point is 285,000 and the variable costs are 30% of sales. Give the information , the operating profit is? $49,875 $17,100 $21,375 $39,900

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

Corey company has a margin of safety percentage of 20%. The break even point is 285,000 and the variable costs are 30% of sales. Give the information , the operating profit is?

$49,875

$17,100

$21,375

$39,900

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