Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
From next year, Elide Leather Purses will be retailing at $11.60 apiece. If the estimated variable cost of production per purse will be $3.
From next year, Elide Leather Purses will be retailing at $11.60 apiece. If the estimated variable cost of production per purse will be $3.40 and the sales commission will be 5% of the selling price and the fixed cost of production will be $430,500, what will be the right margin of safety considering that the fixed expenses will be $198,150 and they plan to sell 90,000 units?
