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Determine what is the firm margin of safety

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Reference no: EM132552792

Selling price per unit (package of 2 CDs)......................................$30.00

Variable costs per unit:

Direct material...............................................................................................................$5.00

Direct labor......................................................................................................................$6.00

Artist's royalties..............................................................................................................$5.50

Manufacturing overhead..........................................................................................$4.00

Selling expenses............................................................................................................$2.30

Total variable costs per unit............................................................$22.80

Annual fixed costs:

Manufacturing overhead..........................................................................................$199,000

Selling and administrative.......................................................................................$376,000

Total fixed costs................................................................................$575,000

Forecasted annual sales volume (120,000 units).........................$3,600,000

Question 1: What is the firm's margin of safety?

Reference no: EM132552792

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