Required:Jasper Company has sales of $182,000 and break-even sales point of $123,600.Compute Jasper's margin of safety and its margin of safety percentage.Complete this question by entering your answers in the tabs below.Margin ofSafetyMargin ofSafetyDarrantanaCompute Jasper's margin of safety percentage.Note: Round your answer to 3 decimal places. (i.e. 0.12345 should be entered as 12.345%.Margin of safety percentage% Required:Jasper Company has sales of $182,000 and a break-even sales point of $123,600.Compute Jasper's margin of safety and its margin of safety percentage.Complete this question by entering your answers in the tabs below.Margin ofSafetyCompute Jasper's margin of safety.Margin ofSafetyDercentanaMargin of safetyMargin of SafetyMargin of Safety Percentage >

The difference between the actual sales and break-even sales is considered as a margin of safety.…

Answered: quired: sper Company has sales of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

39
A firm sell a single product for $6. Its variable cost per unit is $4 and fixed costs are $50. Ignoring income taxes, the amount of sales revenue needed for $20 profit is Select one: a. $210. b. $150. c. $35. d. $25.
a. If Canace Company, with a break-even point at $426,400 of sales, has actual sales of $520,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. % p. If the margin of safety for Canace Company was 25%, fixed costs were $1,494,375, and variable costs were 75% of sales, what was the amount of actual sales dollars)? Hint: Determine the break-even in sales dollars first.)
Margin of Safety The Rachel Company has sales of $550,000, and the break-even point in sales dollars is $368,500. Determine the company's margin of safety as a percent of current sales.
Burke Company has a break-even of $900,000 in total sales. Assuming the company sells its product for $50 per unit, what is its margin of safety in units if sales total $1,200,000? Multiple Choice 18,000 units 1,500 units 24,000 units 6,000 units
BM is a manufacturer of Japanese pancakes. It’s break-even sales is P250,000. It has a variable cost ratio of 75% and return on sales ratio of 6%. What is BM's margin of safety ratio? a. 20% b. 24% c, 25% d. 19%
xZ Companys single produchas a selling pnce of 525 per unit. Last year the company reported profit of 5200,000 and variable expenses totaling 5960,000. The product has a 40% contribution margin ratio. Because of competition. XYZ Company will be forced in the current year to reduce its selling price by $2 per unit How many units must be sold in the current year to earn the same profit as was earned last year? Select one: Oa.64.000 Oc44000 0000 00 O e.116 000
From 27th Edition, Carl Warren, James M. Reeve, Jonathan Duchac Chapter 18-21, Margin of Safety If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. % b. If the margin of safety for Canace Company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
Margin of Safety a. If Del Rosario Company, with a break-even point at $415,800 of sales, has actual sales of $540,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. b. If the margin of safety for Del Rosario Company was 35%, fixed costs were $1,931,475, and variable costs were 65% of sales, what was the amount ofF actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
BE6.6 (LO), AP For Kosko Company, actual sales are $1,200,000 and break-even sales are $960,000. Compute (a) the margin of safety in dollars and (b) the margin of safety ratio. Compute weighted-average unit contribution margin based on sales mix. sts f
Awanita Enterprises sells computer flash drives for $2.81 per unit. Unit variable cost is $0.07. The breakeven point in units is 3,000, and expected sales in units are 4,500. What is the margin of safety in dollars? OA. $105 OB. $8,430 OC. $4,215 O D. $4,110 ...

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

quired: sper Company has sales of $182,000 and a break-even sales point of mpute Jasper's margin of safety and its margin of safety percentage. plete thin