Problem04-53

Problem04-53 - May of prior year 4. Select whether each of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 4-53 Name: In the gray-shaded cells, enter the appropriate amount or formula, or select the correct response from a drop-do An asterisk (*) will appear in the column to the right of an incorrect amount. 1. Contribution margin ratios: CM / Sales = Ratio May of current year May of prior year 2. Break-even point in sales dollars: Fixed Costs / CM Ratio = B-E Revenue May of current year May of prior year 3. Margin of safety: Sales - B-E Revenue = Margin of Safety May of current year
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: May of prior year 4. Select whether each of the following statements are true or false. Fixed costs decreased from the prior year to the current year. Fixed costs impact the breakeven point but not the margin of safety. The margin of safety and the breakeven point provide information about the riskiness of the venture. The margin of safety and the breakeven point provide information about the upside potential. own list....
View Full Document

This note was uploaded on 07/13/2011 for the course ACC 202 taught by Professor Woollen during the Spring '08 term at Hawaii.

Page1 / 2

Problem04-53 - May of prior year 4. Select whether each of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online