a. If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000,
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b. If the margin of safety for Canace Company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? (Determine the break-even in sales dollars first.)
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a 1 Margin of Safety dollars SalesSales at BreakEven Point 1200000 960000 240000 2 ...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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