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Exam IIA-CIA-Part3 topic 2 question 158 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 158
Topic #: 2
[All IIA-CIA-Part3 Questions]

A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25,000 shirts. Actual sales total $300,000.

What is margin of safety sales for the company?

  • A. $100,000
  • B. $200,000
  • C. $275,000
  • D. $500,000
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Suggested Answer: A 🗳️
by KonradK at Jan. 23, 2024, 3:10 p.m.

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Elvin
10 months, 3 weeks ago
Selected Answer: A
A. $100,000 is the correct answer. Margin of safety = Actual sales less breakeven sales
upvoted 4 times
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KonradK
11 months, 3 weeks ago
What's the reasoning behind the answer?
upvoted 1 times
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