If steele company with a break-even point at 378000 of

Reference no: EM13608452

Been at this for an hour! Please explain and answer.

a. If Steele Company, with a break-even point at $378,000 of sales, has actual sales of $540,000, what is the margin of safety expressed

(1) in dollars and

(2) as a percentage of sales? Round the percentage to the nearest whole number.

1. $ 2. % b. If the margin of safety for Kramer Company was 20%, fixed costs were $900,000, and variable costs were 70% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) $

Reference no: EM13608452

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