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Cullumber Company estimates that variable costs will be 70% of sales, and fixed costs will total $468,000. The unit selling price of the product is

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Cullumber Company estimates that variable costs will be 70% of sales, and fixed costs will total $468,000. The unit selling price of the product is $5. Assuming actual sales are $2 million, compute the margin of safety (1) in dollars and (2) as a ratio. (1) Margin of safety $ (2) Margin of safety ratio %

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