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What was the amount of actual sales

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Reference no: EM132685711

Problem - Margin of safety

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 (2) as a percentage of sales?

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: EM132685711

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