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9. The following is last month's contribution format income statement: What is the company's margin of safety percentage? ANS: A. 17%. B. 20%. C. 40%.

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9. The following is last month's contribution format income statement: What is the company's margin of safety percentage? ANS: A. 17%. B. 20%. C. 40%. D. 42%, 10. Tanner Company's most recent contribution format income statement is presented below: The company sells its only product for \$15 per unit. There were no beginning or ending inventories. Required: SHOW YOUR WORK FOR FULL MARKS /2 a. Compute the company's break-even point in units sold. /2 b. Compute the total variable expenses at the break-even point. /2 c. How many units would have to be sold to earn a target profit of $9,000 ? Number of Units /2 d. The sales manager is convinced that a $6,000 increase in the advertising budget would increase total sales by $25,000. Would you advise the increased advertising outle.w

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