Columbus Industries makes a product that sells for $30 a unit. The product has a $22 per unit variable cost and total fixed costs of $8,800. At budgeted sales of 1,600 units, the margin of safety ratio is: Multiple Choice O OO 27.7% 36.7% 31.3% None of these choices are correct.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Columbus Industries makes a product that sells for $30 a unit. The product has a $22 per unit variable cost and total fixed costs of $8,800. At budgeted sales of 1,600 units, the margin of safety ratio is:
Multiple Choice
O
O
O
O
27.7%
36.7%.
31.3%.
None of these choices are correct.
Transcribed Image Text:Columbus Industries makes a product that sells for $30 a unit. The product has a $22 per unit variable cost and total fixed costs of $8,800. At budgeted sales of 1,600 units, the margin of safety ratio is: Multiple Choice O O O O 27.7% 36.7%. 31.3%. None of these choices are correct.
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