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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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?

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Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: Aug 02, 2018 01:42 AM

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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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Margin of safety in Actual Sales 1500000 less Breakeve... View the full answer

Managerial Accounting

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