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What is the margin of safety

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Reference no: EM133156813

Question - Zurbrigg's Marvelous Pinky Rings sells each of it's unique rings at a price of $1500 each. The rings have a variable cost of $600 and Zurbrigg's Marvelous Pinky Rings has fixed costs of $9000. To breakeven, the company needs to sell 10 units.

a) If Zurbrigg's Marvelous Pinky Rings is budgeted to sell 30 rings, what is the margin of safety?

b) Using the information above, what is the Margin of Safety Percentage?

Reference no: EM133156813

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