Question
Based on the following, compute the amount of sales: Profit margin before tax based on sales 8% Margin of safety ratio 20% Fixed costs 1,200,000
Based on the following, compute the amount of sales:
Profit margin before tax based on sales 8%
Margin of safety ratio 20%
Fixed costs 1,200,000
Variable cost of goods sold 25%
What is the variable selling and administrative expense?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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