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For 2023, Simmons Corp. projects $978,000 in sales revenue, $575,000 in variable costs, and $188,000 in fixed costs. What is Simmons' margin of safety in

For 2023, Simmons Corp. projects $978,000 in sales revenue, $575,000 in variable costs, and $188,000 in fixed costs. What is Simmons' margin of safety in dollars?

{Note: calculate contribution margin ratio to at least three decimal places - a tenth of a percentage point - to ensure you fall within the margin for rounding error.]

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