Globus Autos sells a single product. 8,300 units were sold resulting in $81,000.00 of sales revenue, $23,000.00 of variable costs, and $18,000.00 of fixed costs. If Globus reduces the selling price by$1.20 per unit, the new margin of safety is: (Round any intermediary calculations to the nearest cent.)OA. 5,304 unitsOB. 5,191 unitsOC. 8,300 unitsOD. 2,996 unitsC

Margin of safety is the difference between total sales revenue and break-even sales revenue. The…

Answered: Globus Autos sells a single product.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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