Based on the following, compute the amount of sales: Profit margin before tax based on sales 8%
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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
Variable cost of goods sold 25%
What is the variable selling and administrative expense?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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