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Calculate margin of safety Current operating income for Bay Area Cycles Company is $74,000. Selling price per unit is $120, the contribution margin ratio is
Calculate margin of safety
Current operating income for Bay Area Cycles Company is $74,000. Selling price per unit is $120, the contribution margin ratio is 30%, and fixed expense is $250,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Note: Round your Unit answer to nearest whole units and other answer to the nearest whole dollar. 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Note: Do not round your intermediate answers and Round your percentoge onswer to the 1 decimal place and other onswer to nearest whole dollar. Answer is complete but not entirely correct Step by Step Solution
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