During the Current Year, Vanguard Company Sold 80,000 of Its

question 5

Short Answer

During the current year, Vanguard Company sold 80,000 of its only product at a selling price of $60 per unit. Variable costs were $18 per unit, and Vanguard's margin of safety for the year was 25,000 units.
Required:Calculate Vanguard's margin of safety ratio for the current year.What was the amount of Vanguard's fixed costs for the current year?

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Definitions:

Priority Action

The most important or immediately necessary task or response in a given situation, especially in healthcare or emergency settings.

Safe Storage

Measures or precautions taken to ensure that dangerous or sensitive items, such as medications or firearms, are kept securely and out of reach of unauthorized persons.

Geriatric Alcohol Abuse

The excessive consumption of alcohol by older adults, which can exacerbate health problems and interfere with medications.

Retirement

The process of leaving one's career or occupation permanently, typically due to age or personal choice.