User Account

All Pages

Compute the margin of safety in units

Assignment Help Accounting Basics
Reference no: EM132073614

Question - Divine Foods produces a gourmet condiment which sells for $16 per unit. Variable costs are $6 per unit, and fixed costs are $5,000 per month. If Divine expects to sell 1,500 units, compute the margin of safety in units.

A. 500 UNITS

B. 1,000 UNITS

C. 1,500 UNITS

D. 8,000 UNITS

Reference no: EM132073614

Questions Cloud

Write an essay about the radicalism of the reformation : HI 375: Explain in your arguments why these 3 aspects would have been considered radical during the 16th century using your Merriman textbook.
Calculate the npv of the given project using the data : RightPrice Investors, Inc., is considering the purchase of a $363,000 computer with an economic life of five years. The computer will be fully depreciated.
What is the breakeven point in sales dollars : Their contribution margin ratio is 40% and ratio of selling expenses to sales is 20%. What is the breakeven point in sales dollars
Differences between second-party and third-party payment : Explain the systematic risk principle and how it relates to beta. Discuss the differences between second-party payment and third-party payment.
Compute the margin of safety in units : Variable costs are $6 per unit, and fixed costs are $5,000 per month. If Divine expects to sell 1,500 units, compute the margin of safety in units
How women went from housewives and supporting the family : How did the United State evolve from an agrarianbased economy after the Civil War to an industrial powerhouse just prior to the U.S. entry to WWI?
Does the advice make sense : If you are a risk-averse investor and your financial advisor told you that in order to lessen your portfolio risk you should not invest in gold mining stocks.
What is the minimum selling price on the special order : Fixed costs for the period were cost of goods sold $ 960,000, and selling and administrative expenses $ 233,000. What is the minimum selling price
Explain economic principles : EC0100 - Summarize the different types of market structures and the role of government in economics.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a multiple-step income statement for the year ended

Prepare a multiple-step income statement and a retained earnings statement for the year ended, as well as a classified balance sheet as of December 31, 2010

  Why transfers of terminable interests should not qualify

Write one thread of at least 500 words, Topic: Describe a reason why transfers of terminable interests should not qualify for the marital deduction

  These transactions are summarized as follows

Liang Company began operations on January 1, 2012. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts

  Dewitt company uses flexible budgets to control its selling

dewitt company uses flexible budgets to control its selling expenses. monthly sales are expected to range from 170000

  Explain the purpose of engagement planning what critical

what is the purpose of engagement planning? what critical information should the auditor consider during engagement

  Journal entries in general journal form

Flint Co. records purchase discounts lost and uses perpetual inventories. Prepare journal entries in general journal form for the following: (a) Purchased merchandise costing $900 with terms 2/10, n/30. (b) Payment was made thirty days after the p..

  Compute the amount reported as consolidated net income

Baywatch Industries has owned 80 percent of Tubberware Corporation for many years. Compute the amount reported as consolidated net income for 20X8

  Comment on michael and susan approaches

Explain the major differences between possible controls available to large and small companies. Comment on Michael and Susan approaches

  What unified credit could estate claim

Agnus died in 2013. Her gross? estate, which totaled $5.5 million, included a $100,000 life insurance policy on her life that she gave away in 2011.

  Prepare a brief memo to traces tax vp reporting

prepare a brief memo to Trace's Tax VP, reporting Trace's branch profits tax liability for the current year, along with a planning idea for reducing profits tax

  What steps must delany take in initiating an activity

Management is considering switching to an activity-based costing system. What steps must Delany take in initiating an activity-based costing system

  Average collection period for accounts receivable

Compute 3M's average collection period for accounts receivable in days. (Round turnover ratio to 1 decimal place, e.g. 10.5 and collection period to 0 decimal places, e.g. 125.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd