Cubie Corporation has provided the following data concerning its only product:
Selling price....................... $100 per unit
Current sales...................... 10,600 units
Break-even sales................ 9,540 units
What is the margin of safety in dollars?
A) $1,060,000
B) $106,000
C) $954,000
D) $706,667
SOLUTION
Selling price....................... $100 per unit
Current sales...................... 10,600 units
Break-even sales................ 9,540 units
What is the margin of safety in dollars?
A) $1,060,000
B) $106,000
C) $954,000
D) $706,667
SOLUTION
