What was the amount of actual sales

Assignment Help Managerial Accounting
Reference no: EM131692548

If the margin of safety for Watkins Company was 40%, fixed costs were $1,867,200, and variable costs were 60% of sales, what was the amount of actual sales (dollars)?

(Hint: Determine the break-even in sales dollars first.)

Reference no: EM131692548

Questions Cloud

Develop a set of guidelines to avoid an ethical dilemma : Develop a set of guidelines to avoid an ethical dilemma involving your topic while conducting research in industrial/organizational (I/O) settings.
How would the organization identify the cost drivers : Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations
What judgments must an internal audit team make : What judgments must an internal audit team make when evaluating whether an exception noted during the audit should be deemed an issue or an isolated incident
Find a point of the distribution : For a normal random variable with mean 19,500 and standard deviation 400, find a point of the distribution such that the probability that the random variable.
What was the amount of actual sales : If the margin of safety for Watkins Company was 40%, fixed costs were $1,867,200, and variable costs were 60% of sales, what was the amount of actual sales
Prepare a plan for evaluation of training effectiveness : Develop a plan for evaluation of training effectiveness including both short-term and long-term evaluation where appropriate.
What fields would you include on this form : You have been give the task of designing an online form a student can use to select ONE course for her schedule.
Compute the ending inventory under moving-average cost : Bramble Appliance uses a perpetual inventory system. Compute the ending inventory under moving-average cost
Why do manufacturing overhead costs often shift : How does Lean Production reduce or eliminate the difference in reported net operating income between absorption and variable costing

Reviews

Write a Review

Managerial Accounting Questions & Answers

  A physical inventory of liverpool company taken

A physical inventory of Liverpool Company taken at December 31 reveals the following.

  Arctic cat''s financial statements in appendix

1.Refer to Arctic Cat's financial statements in Appendix A to compute its equity ratio as of March 31, 2011, and March 31, 2010.

  Company energy cost behavior

Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced.

  Common size and trend percents for rustynail company

Common size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow.

  Methods of accounting for goodwill

What are the different internationally permitted methods of accounting for goodwill, including permitted amortization periods and what are the amounts of total assets and stockholders' equity under each permitted alternative

  Calculate the overhead cost per account

What is the price if a markup of 35% on total cost is used to determine the price and calculate the overhead cost per account for the Money Market Checking.

  What basis underlies the computation of depletion

What factors should be considered when selecting the amortization period for an intangible asset? What basis underlies the computation of depletion?

  Prepare a budgeted income statement for pinnacle engineering

Prepare a budgeted income statement for Pinnacle Engineering for fisical year 2012.

  In addition to the information presented in mini exercises

In addition to the information presented in Mini Exercises 14.1 and 14.2, ABC Company currently pays a standard rate of $1 per pound for raw materials.

  How do barriers to entry impact the level of competition

MT445 - Managerial Economics discussion question - Why does a Starbucks coffeehouse face a downward-sloping demand curve while a dairy farmer has a horizontal demand curve? What other suppliers might face a downward-sloping demand curve and what im..

  How would the given standards affect your behaviour

Suppose you are controller of a medium-sized gold exploration company in South Australia. You adhere to the standards for ethical conduct for management accountants. How would those standards affect your behaviour in each of the following situati..

  What additional considerations might lead leisure products

What assumptions did you make in calculating the incremental cost in Question 1? What additional information would be helpful in making these calculations?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd