Moby Ltd currently manufacture a single product with a selling price of £12. Fixed costs are budgeted at £3,600 per month and the product has contribution ratio of 30%. In a month when actual sales were £15,000 what was Moby's margin of safety, in units? О а. 250 units Оь. 375 units O. 1,000 units O d. 1,250 units

Moby Ltd currently manufacture a single product with a selling price of £12. Fixed costs are budgeted at £3,600 per month and the product has contribution ratio of 30%. In a month when actual sales were £15,000 what was Moby's margin of safety, in units? О а. 250 units Оь. 375 units O. 1,000 units O d. 1,250 units

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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