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A company with a break-even point at $675,000 in sales revenue and had fixed costs of $168,750. When actual sales were $750,000 variable costs were
A company with a break-even point at $675,000 in sales revenue and had fixed costs of $168,750. When actual sales were $750,000 variable costs were $562,500. Determine (a) the margin of safety expressed in dollars, (b) the margin of safety expressed as a percentage of sales, (c) the contribution margin ratio, and (d) the operating income.
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