Question
Assume the following (1) Total sales-$191,000 (2) the contribution margin ratio 40%, and (3) total fixed expenses $45,000. Given these three assumptions, the margin
Assume the following (1) Total sales-$191,000 (2) the contribution margin ratio 40%, and (3) total fixed expenses $45,000. Given these three assumptions, the margin of safety is: Multiple Choice O $78,500 O $63,000 $27,000. $105,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
