Question: 36 If you can not answer this question correctly do not answer the question! The margin of safety is: the excess of budgeted or actual

36

If you can not answer this question correctly do not answer the question!

The margin of safety is:

the excess of budgeted or actual sales over budgeted or actual variable expenses.

the excess of budgeted or actual sales over budgeted or actual fixed expenses.

the excess of budgeted or actual sales over the break-even volume of sales.

the excess of budgeted net operating income over actual net operating income.

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