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Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units) $ 270,000
Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
| Sales (9,000 units) | $ | 270,000 |
| Variable expenses | 202,500 | |
| Contribution margin | 67,500 | |
| Fixed expenses | 63,750 | |
| Net operating income | $ | 3,750 |
The margin of safety percentage is closest to:
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Attorneys IRS Audit Technique Guide
Authors: Internal Revenue Service
1st Edition
1304112918, 978-1304112910
