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A5 AVEC Ltd. Actual Sales' figure for period 1 is 250,000. In period 1: Fixed costs were 100,000 Variable Costs were 75,000 Assuming that the
A5 AVEC Ltd. Actual Sales' figure for period 1 is 250,000. In period 1: Fixed costs were 100,000 Variable Costs were 75,000 Assuming that the fixed costs, the variable cost per unit and the selling price per unit do not change. (a) Calculate the margin of safety as a percentage of actual sales (b) Describe what a margin of safety means
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