A company makes a single product that it sells for $16 per u…

A company makes a single product that it sells for $16 per unit. Fixed costs are $76,800 per month and the product has a contribution margin ratio of 40%. If the company’s actual sales are $224,000, its margin of safety is (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

A company sells two products: J and K. The sales mix is expe…

A company sells two products: J and K. The sales mix is expected to be 3 units of Product K for every unit of Product J. Product J has a contribution margin per unit of $4.00 whereas Product K has a contribution margin per unit of $2.00. Annual fixed expenses are expected to be $120,000. The break-even point for the company in units sales is expected to be (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

ABC Company, a company that produces and sells a single prod…

ABC Company, a company that produces and sells a single product, has provided its contribution format income statement for November.   Sales (5,700 units) $319,200 Variable expenses $188,100 Contribution margin $131,100 Fixed expenses $106,500 Operating income $24,600     If the company sells 5,300 units, its operating income should be closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):