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If Kirwan Company, with a break-even point at $390,600 of sales, has actual sales of...

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Accounting

If Kirwan Company, with a break-even point at $390,600 of sales, has actual sales of $620,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? 1. fill in the blank 1 of 2$ 2. fill in the blank 2 of 2%

b. If the margin of safety for Kirwan Company was 45%, fixed costs were $1,789,425, and variable costs were 55% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) fill in the blank 1 of 1$

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