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Category > Accounting Posted 19 Aug 2017 My Price 7.00

Medina Company

Exercise 4-37  Margin of Safety and Operating Leverage

Medina Company produces a single product. The projected income statement for the coming year is as follows:

 

 

Sales (40,000 units @ $45)

$1,800,000

Total variable cost

1,044,000

Contribution margin

$   756,000

Total fixed cost

733,320

Operating income

$     22,680

 

(Note: Round all dollar answers to the nearest dollar. Round fractional answers to two decimal places.)

Required:

1.       Compute the break-even sales dollars.

2.       Compute the margin of safety in sales dollars.

3.       Compute the degree of operating leverage (Note: Round answer to two decimal places).

4.       Compute the new operating income if sales are 20% higher than expected. (Note: Round answer to the nearest dollar.)

 

OBJECTIVE

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Maurice Tutor
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Status NEW Posted 19 Aug 2017 01:08 PM My Price 7.00

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