The Van Gogh Hearing Aid Center budgeted total sales of $85,650. In the current year, the Van

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The Van Gogh Hearing Aid Center budgeted total sales of $85,650. In the current year, the Van Gogh Hearing Aid Center reported total sales of $78,910 and total expenses of $78,910. Of the total expenses, $27,945 were fixed and $50,965 were variable.

The Van Gogh Hearing Aid Center does not expect any change in selling price per unit, variable cost per unit, or total fixed costs.

Based on budgeted sales, what will be the margin of safety percentage for the current year?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Aug 09, 2023 02:55 AM

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The Van Gogh Hearing Aid Center budgeted total sales of $85,650. In the current year, the Van

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The margin of safety percentage is the percentage of budgeted sales that the compa... View the full answer

Accounting

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