What was the amount of actual sales

Assignment Help Accounting Basics

Reference no: EM131911575

Problem

Margin of Safety a. If Fama Company, with a break-even point at $326, 400 of sales, has actual sales of $510,000, 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. If the margin of safety for Watkins Company was 20%, fixed costs were $979, 200, and variable costs were 80% of sales, what was the amount of actual sales (dollars)?

Reference no: EM131911575

Questions Cloud

Identify a problem and a target population : Analyze a theory or model that is relevant to your selected problem. Explain why this is the most appropriate model for you to use with this problem.

Maximum of seven employee suggestions : Please choose a maximum of seven employee suggestions to raise commitment and facilitate employee satisfaction at the winery

Identify the principal differences between these two types : How did the societies of ancient Mesopotamia, Egypt and Rome use religion and art to reinforce their political structures?

Determining the intro to sales : Assume you are a textbook salesperson trying to obtain a new account, XYZ University. Your potential buyer is known to be blunt and abrasive

What was the amount of actual sales : If the margin of safety for Watkins Company was 20%, fixed costs were $979, 200, and variable costs were 80% of sales, what was the amount of actual sales?

Interviewing for a new job with a local employer : Assume you are going to be interviewing for a new job with a local employer and remember that job interviews are very much like sales calls.

Discuss the relative advantages to petra of paying : Discuss the relative advantages to Petra of paying with a credit card or a debit card.

Compute the direct labor cost per equivalent unit : During March, the production department of a process. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.

Discuss damon liability : Damon can't resist taking the car for a drive and is being extremely careful when the car is hit by a drunk driver. Discuss Damon's liability, if any, for the d

User Account

All Pages