Candelabra Cleaning Company's total fixed expenses amount to $34,700. Variable expenses are 75% of sales and target
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Question:
Candelabra Cleaning Company's total fixed expenses amount to $34,700. Variable expenses are 75% of sales and target operating income is $60,000.
Compute:
a)Compute the margin of safety in dollars assuming the company achieves its target operating income.
b)What is Candelabra's margin of safety as a percent of target sales?
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