FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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a. If Kirwan Company, with a break-even point at $459,900 of sales, has actual sales of $730,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?
1. fill in the blank 1 of 2$
2. fill in the blank 2 of 2%
b. If the margin of safety for Kirwan Company was 20%, fixed costs were $1,203,200, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
fill in the blank 1 of 1$
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