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Problem:
Glacial Company estimates that variable costs will be60% of sales, and fixed costs will total $926,000. The selling price of the product is $5.Compute the break-even point in (1) units and (2) dollars.
(1) Break-even sales units
(2) Break-even sales $
Compute the margin of safety in (1) dollars and (2) as a ratio, assuming actual sales are $2,930,380.(Round ratio to 0 decimal places, e.g. 20%.)
(1) Margin of safety $ (2) Margin of safety ratio %
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