Margin of safety is computed as: (a) Actual sales 2 Break-even sales. (b) Contribution margin 2 Fixed
Question:
Margin of safety is computed as:
(a) Actual sales 2 Break-even sales.
(b) Contribution margin 2 Fixed costs.
(c) Break-even sales 2 Variable costs.
(d) Actual sales 2 Contribution margin.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
Question Posted: