CVP Drill #5 Signature Company provided the following information for the month ended July 31, 2019 based on selling 100 units of its bottled water. Sales Revenue Variable Costs Fixed Costs $800 $300 $300 What is Signature's margin of safety ratio if it wants to achieve a target net income of $200?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Can you help me with CVP Drill #5?
CVP Drill #5
Signature Company provided the following information for the month
ended July 31, 2019 based on selling 100 units of its bottled water.
Sales Revenue
Variable Costs
Fixed Costs
$800
$300
$300
What is Signature's margin of safety ratio if it wants to achieve a target
net income of $200?
Transcribed Image Text:CVP Drill #5 Signature Company provided the following information for the month ended July 31, 2019 based on selling 100 units of its bottled water. Sales Revenue Variable Costs Fixed Costs $800 $300 $300 What is Signature's margin of safety ratio if it wants to achieve a target net income of $200?
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