Question
Hagrid & Co. reported actual sales of $2,000,000, and fixed costs of $350,000. The contribution margin ratio is 25%. Compute the margin of safety in
Hagrid & Co. reported actual sales of $2,000,000, and fixed costs of $350,000. The contribution margin ratio is 25%.
Compute the margin of safety in dollars.
Provide numerical response only, no comma or dollar sign needed.
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Hospitality Industry Managerial Accounting
Authors: Raymond S. Schmidgall
8th Edition
0866124977, 9780866124973
