Reference no: EM132665621
Narchie sells a single product for $50. Variable costs are 70% of the selling price, and the company has fixed costs that amount to $374,400. Current sales total 20,000 units.
Problem a) If Narchie sells 28,000 units, its safety margin will be:
Multiple Choice
Option 1: $152,000.
Option 2: $374,400.
Option 3: $1,248,000.
Option 4: $1,400,000.
Option 5: None of the answers is correct.
Problem b) Narchie sells a single product for $55. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $605,000. Current sales total 23,500 units.
In order to produce a target profit of $29,700, Narchie's dollar sales must total:
Multiple Choice
Option 1: $11,540.
Option 2: $30,767.
Option 3: $1,512,500.
Option 4: $1,586,750.
Option 5: None of the answers is correct.
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