Portemilio Company reported actual sales of $2,000,000, and fixed costs of $510,000. The contribution margin ratio is

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Portemilio Company reported actual sales of $2,000,000, and fixed costs of $510,000.

The contribution margin ratio is 30%.

Requirements 1. Compute the margin of safety in dollars.

2. Compute the margin of safety ratio.

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Horngrens Accounting The Managerial Chapters

ISBN: 9781292105871

11th Global Edition

Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Feb 21, 2024 04:00 AM

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Portemilio Company reported actual sales of $2,000,000, and fixed costs of $510,000. The contribution margin ratio is

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Portemilio Company Margin of Safety Calculations 1 Compute the margin of safety in dollars ...View the full answer

Horngrens Accounting The Managerial Chapters

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