If contribution margin ratio is 60 percent, total fixed cost is $30,000 and sales is $200,000, the

Question:

If ratio is 60 percent, total fixed cost is $30,000 and sales is $200,000, the margin of safety in terms of sales dollars is $ __________

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...