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Author Question: Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales ... (Read 62 times)

vHAUNG6011

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Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is the monthly margin of safety in dollars if Julia's Catering achieves its' operating income goal?
◦ $16,000
◦ $4,000
◦ $22,000
◦ $10,000


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Marked as best answer by vHAUNG6011 on Jan 5, 2020

cuttiesgirl16

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MirandaLo

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Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is the monthly margin of safety as a percentage of target sales in dollars at Julia's Catering?
◦ 62.50%
◦ 60.00%
◦ 166.67%
◦ 137.50%




gonzo233

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Julia's Catering has a monthly target operating income of $6,000. Variable expenses are 40% of sales and monthly fixed expenses are $3,600.


What is Julia's operating leverage factor at the target level of operating income?
◦ 0.63
◦ 2.67
◦ 1.60
◦ 0.40




 

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