The following is last month's contribution format income statement: Sales (15,000 units).$1,500,000 Variable expenses900.000 Contribution margin600,000 Fixed
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Question:
The following is last month's contribution format income statement:
Sales (15,000 units)…………….$1,500,000
Variable expenses…………………900.000
Contribution margin………………600,000
Fixed expenses……………………500.000
Net operating income…………...$ 100,000
What is the company's margin of safety in dollars?
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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