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Margin of safety Margin of safety a. If Kirwan Company, with a break-even point...

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Accounting

Margin of safety Margin of safety
a. If Kirwan Company, with a break-even point at $352,000 of sales, has actual sales of $550,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?
$
%
b. If the margin of safety for Kirwan Company was 20%, fixed costs were $1,044,800, and variable costs were 80% of sales, what was the amount of actual sales (dollars)(Hint:
Determine the break-even in sales dollars first.)
a. If Kirwan Company, with a break-even point at $352,000 of sales, has actual sales of $550,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?
1. fill in the blank 1 of 2$
2. fill in the blank 2 of 2
%
b. If the margin of safety for Kirwan Company was 20%, fixed costs were $1,044,800, and variable costs were 80% of sales, what was the amount of actual sales (dollars)?(Hint: Determine the break-even in sales dollars first.)
fill in the blank 1 of 1$
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