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Question - Margin of Safety - Comer Company produces and sells strings of colorful indoor/outdoor lights for holiday display to retailers for $10.81 per string. The variable costs per string are as follows:
Direct materials
$1.87
Direct labor
1.70
Variable factory overhead
0.57
Variable selling expense
0.42
Fixed manufacturing cost totals $456,875 per year. Administrative cost (all fixed) totals $336,250. Comer expects to sell 211,400 strings of light next year.
Required -
1. Calculate the break-even point in units.
2. Calculate the margin of safety in units.
3. Calculate the margin of safety in dollars.
4. Conceptual Connection: Suppose Comer actually experiences a price decrease next year while all other costs and the number of units sold remain the same. Would this increase or decrease risk for the company?
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