Question: Black Co.s breakeven point was $780,000. Variable expenses averaged 60% of sales, and the margin of safety was $130,000. What was Blacks contribution margin ?

Black Co.’s breakeven point was $780,000. Variable expenses averaged 60% of sales, and the margin of safety was $130,000. What was Black’s contribution margin?
a. $364,000
b. $546,000
c. $910,000
d. $1,300,000

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