Based on the following, compute the amount of sales: Profit margin before tax based on sales 8%

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Based on the following, compute the amount of sales:

Profit margin before tax based on sales 8%

Margin of safety ratio 20%

Fixed costs 1,200,000

Variable cost of goods sold 25%

What is the variable selling and administrative expense?

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Mar 02, 2024 03:16 AM

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Based on the following, compute the amount of sales: Profit margin before tax based on sales 8%

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Horngrens Financial and Managerial Accounting

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