Question
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
What is the margin of safety percentage?
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
