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What is june margin of safety in dollars

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Reference no: EM132996722

Question - Team Spirit imprints calendars with college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50.

a) Use the contribution margin short cut formula to compute the dollar amount of monthly sales Team Spirit needs in order to earn $285,000 in operating income.

b) prepare Team Spirit contribution margin income statement for June for sales of 450,000 cartons of calenders.

c) What is June's margin of safety in dollars.

Reference no: EM132996722

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