pmarie05
Nov 7, 2005, 03:03 PM
I need help with the following problem in Managerial Accounting:
Ronnie's repair shop has a monthly target operating income of $12,000. Variable expenses are 70% of sales, and monthly fixed expenses are $9000.
1. compute the monthly margin of safety in dollars if the shop achieves its income goal.
Where do I begin? I need help.
Thanks :o
Ronnie's repair shop has a monthly target operating income of $12,000. Variable expenses are 70% of sales, and monthly fixed expenses are $9000.
1. compute the monthly margin of safety in dollars if the shop achieves its income goal.
Where do I begin? I need help.
Thanks :o