a) Marigold Corp. has sales of $2100000, variable costs of $1500000, and fixed costs of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
a) Marigold Corp. has sales of $2100000, variable costs of $1500000, and fixed costs of $500000. Marigolds margin of safety ratio is
20%.
17%.
80%.
83%.
B)
If a company sells multiple products, at any level of units sold, net income will be higher if
more fixed expenses are incurred.
more lower contribution margin units are sold than higher contribution margin units.
more higher contribution margin units are sold than lower contribution margin units.
weighted-average unit contribution margin decreases.
C) Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for Sports Gear, as determind by total sales dollars. Swifty incurs $7800000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 60%. The break-even point in dollars is
$15294118.
$2574000.
$20000000.
$13000000.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.