Answer:
26.66 or 27%
Explanation:
The computation of the margin of safety percentage is shown below:
Margin of Safety
= 100 - Break Even %
= 100 - 73.33
= 26.66 or 27%
Working Note
Sales (3,000 units) $60,000
Less: Variable expenses -$42,000
Contribution margin -$18,000
CM Ratio (A) 30.00%
Fixed expenses (B) 13,200
Break Even Point C = B ÷ A 44,000
Break Even % of Total Sale 73.33%
Answer:
$1615
Explanation:
($575 + 650) 0.10 = $122.50
Find the future value of $122.50
Future value can be calculated using a financial calculator:
$122.50 = PMT
10 = N
6% = I/Y
Press compute then FV
Fv = $1615
I hope my answer helps you
Answer: $1147.50
Explanation:
Monthly apartment fee = $850
Broker's charge = 20% of first month fee
Security deposit = 1.5 months rent
Therefore,
Broker's fee = 20% × $850
= 0.2 × $850 = $170
Security deposit = 1.5 × $850 =$1275
Total fee = $850 + $1275 + $170 = $2295
Since Chrissy and Janet are sharing the fee equally:
Janet's share :
50% of $2295 = $1147.50
Answer:
Dept. Y = $18,200
Dept. Z = $21,800
Explanation:
Wages expense for this question consist of direct wages and indirect wages. The direct wages are allocated to their respective departments while the indirect wages are apportioned between the two departments.
Therefore, first do the allocation then the remainder $24,000 is apportioned equally between the two departments, Dept. Y and Dept. Z.
Dept. Y Dept. Z
<u>Departmental wage expenses :</u>
Direct wages $6,200 $9,800
Indirect wages $12,000 $12,000
Total $18,200 $21,800