E22-9 Waldron's drug store has a monthly target operating income of $11.000. Variable expenses are 60% of

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E22-9 Waldron's drug store has a monthly target operating income of $11.000. Variable expenses are 60% of sales, and monthly fixed expenses are $9.000. Required 1. Compute the monthly margin of safety in dollars if the store achieves its income goal. 2. Express Waldron's margin of safety as a percentage of target sales.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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