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HugBoot, LLC produces womens designer snow boots. It produces a single boot type in a variety of styles and colors. The budgeted profit and loss
HugBoot, LLC produces womens designer snow boots. It produces a single boot type in a variety of styles and colors. The budgeted profit and loss statement for the coming year is as follows:
Sales (65,000 units) $15,600,000 Variable costs 8,736,000 Contribution Margin 6,864,000 Fixed costs 4,012,000 Income $2,852,000
2. Compute the margin of safety in sales dollars based on the budgeted income. (3 points 25 words minimum)
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