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:
1)Calculate Vanguard's margin of safety ratio for the current year.
2)What was the amount of Vanguard's fixed costs for the current year?

Question

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The Answer of 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:
1)Calculate Vanguard's margin of safety ratio for the current year.
2)What was the amount of Vanguard's fixed costs for the current year?

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