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26. The following is last month's contribution format income statement: Sales (15,000 Units) $1,500,000 Less: Variable Expenses $ 900,000 Contribution Margin $ 600,000 Less: Fixed
26. The following is last month's contribution format income statement: Sales (15,000 Units) $1,500,000 Less: Variable Expenses $ 900,000 Contribution Margin $ 600,000 Less: Fixed Expenses $ 500,000 Operating Income 100,000 What is the company's margin of safety in dollars? A) $ 100,000. B) $ 600,000. C) $1,500,000. D) $ 250,000
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
