Essay
In 2013, Vanguard Company sold 80,000 of its only product at a selling price of $60 per unit. Variable costs were $18 per unit, and Vanguard's margin of safety for the year was 25,000 units.
Required:
1. Calculate Vanguard's margin of safety ratio for 2013.
2. What was the amount of Vanguard's fixed costs for 2013?
Correct Answer:
Verified
1. Margin of safety ratio = margin of sa...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q7: Select the correct statement regarding fixed costs.<br>A)
Q25: Sandford Company manufactures one product.Its variable manufacturing
Q45: If a company had a pure fixed
Q72: Maryland Novelties Company produces and sells souvenir
Q73: Cooper Company sells a product at $50
Q74: The Varsity Club sells souvenir items at
Q76: Cool Runnings operates a chain of frozen
Q119: All of the following would be considered
Q131: Quick Change and Fast Change are competing
Q134: Descriptions of cost behavior as fixed or