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Find what is the firm margin of safety

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Reference no: EM132528682

Selling price per unit (package of 2 CDs)...................................... $26.50

Variable costs per unit:

Direct material...............................................................................................................$6.00

Direct labor......................................................................................................................$5.00

Artist's royalties..............................................................................................................$4.50

Manufacturing overhead..........................................................................................$3.00

Selling expenses............................................................................................................$1.30

Total variable costs per unit............................................................ $19.80

Annual fixed costs:

Manufacturing overhead..........................................................................................$175,000

Selling and administrative.......................................................................................$250,000

Total fixed costs................................................................................$425,000

Forecasted annual sales volume (120,000 units).........................$3,180,000

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

Reference no: EM132528682

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