A-Vic wrote: »
Am currently working through this paper and have come to a stop on question 2.2 (grr formulas)
Any help given would be greatfully apreicated
Rachey wrote: »
If i remember rightly... which i may not!!... then break even= sales/ contribution (depending on if you use sales in units or sales revenue, if you use sales in units then multiply by price per unit to get the answer in revenue)
margin of safety= actual sales minus break even
I dont have my notes anymore for ECR so cant help anymore than that im afraid!! I think my college has just done the units the other way round as im studying FRA now which you probably did last term!
Good Luck A-Vic xx