Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thornton company makes a product that sells for $3

Thornton Company makes a product that sells for $32 per unit. The company pays $20...

90.2K

Verified Solution

Question

Accounting

image
Thornton Company makes a product that sells for $32 per unit. The company pays $20 per unit for the variable costs of the product and Incurs annual fixed costs of $110,400. Thornton expects to sell 22,200 units of product. Required Determine Thornton's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (l.e., 0.2345 should be entered as 23.45)) Margin of safety %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain how the cash flow cycle works.

Finance
Q

The outward expression of inherited traits is called phenotype Orecessive traits genotype karyotype

Biology
Q

20 g of ice at 20 C is dropped into a calorimeter containing 20 g...

Physics
Q

a Evaluate arctan ez log2300 572 23 sin x cos 23x dy Note Looks scarv...

Basic Math
Q

A hot-air balloon is floating above a straight road. To calculate their height above the...

Basic Math
Q

Solve for the unknown 1

Algebra
Q

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

Accounting
Q

Each of the following independent events requises a year-end adjusting entry. o. Paid $9,900 cash...

Accounting
Q

Compute the current ratio and free cash flow for the year 2025 ...

Accounting
Q

As was true for governmental funds, major enterprise funds are to be presented, along with...

Accounting
Q

MC Qu. 13-75 Melrose Manufacturing has net sales revenue... Melrose Manufacturing has net sales revenue...

Accounting
Q

En un problema de transporte con 4 orgenes y 6 destinos, cuntas rutas de envo...

Accounting