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5. Below is an income statement for Jean Simmons Company:Sales$300,000 Variable costs(150,000)Contribution margin$150,000 Fixed costs(100,000)Profit...

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Accounting

5. Below is an income statement for Jean Simmons Company:Sales$300,000 Variable costs(150,000)Contribution margin$150,000 Fixed costs(100,000)Profit before taxes$ 50,000 1) What was the company's margin of safety in dollars?2) If the unit sales price for Jean Simmonss sole product was $10, how many units would it have needed to sell to produce a profit of $40,000?

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