Margin of SafetyJake's Sub Shop sells large sub sandwiches for $8.75. Unit variable expenses total $3.85. The break-even sales in units is 5,250 and budgeted sales in units is 9,500.Round answers to the nearest dollar, if applicable.What is the margin of safety in dollars?$0What are Jake's fixed costs?$0

Marging of safety is basically the difference between total sales and break-even sales.Break-even…

Answered: Margin of Safety Jake's Sub Shop sells…

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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Problem 1 Xpress Corp. operates a fast food restaurant in San Fernando. Meals cost an average of $36 for which Xpress incurs variable costs of $14.40. Total fixed costs are $29,160. Required: a) Determine break even in units (persons) and sales dollars using the contribution margin technique. b) If the expected revenue is $ 65,000, what is Xpress' margin of safety ratio? c) If Xpress wants to earn a target income of $20,000, calculate the number of meals necessary.
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Homework Saved Help Stuart Company makes a product that sells for $33 per unit. The company pays $13 per unit for the variable costs of the product and incurs annual fixed costs of $184,000. Stuart expects to sell 22,200 units of product. Required Determine Stuart's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) Margin of safety
penninsula hardware buys cabinet doors for $24 less 39%, 10% and 4%. the store's overhead expenses are 34% of cost and the required profit is 14% of cost Find the cost= find the expense= find the profit= find the regular selling price=
create a traditional income statement and a variable income statement for Tracy. She would like to know what her breakeven point in units and sales dollars currently are. She would also like to know what amount of sales are required to achieve a target profit of $40,000 and also the units to sell to meet that target profit. # of Cupcakes 110,000 Price Per Cake $2.28 Raw materials Variable $42,244 All are purchased as needed to avoid spoilage and to have the freshest ingredients DM $0.38 Bakery wages Variable $58,000 They do all of the baking DL $0.53 Supervisor’s salary Fixed $35,000 Supervisor does not do any baking, but supervises the bakers VFO $0.17 Office personnel Fixed $26,000 Office personnel do not do any baking FFO $0.40 Tracy’s salary Fixed $42,000 She considers herself CEO Cost per cupcake $1.48 Salesman's salary Variable $23,500 He is paid based on number of cupcakes…
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Maroon Company's contribution margin ratio is 24%. Total fixed costs are $84,000. What is Maroon's break-even point in sales dollars? Multiple Choice $20,160. $110,526. $350,000. $240,000. $84,000.

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