a. If Armstrong Company, with a break-even point at $ 660,000 of sales, has actual sales of
Question:
a. If Armstrong Company, with a break-even point at $ 660,000 of sales, has actual sales of $ 880,000, what is the margin of safety expressed
(1) In dollars
(2) As a percentage of sales?
b. If the margin of safety for Lankau Company was 25%, fixed costs were $ 2,325,000, and variable costs were 60% of sales, what was the amount of actual sales (dollars)?
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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