If a company with a break-even point at $700,000 in sales revenue had fixed costs of $262,500,
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Question:
If a company with a break-even point at $700,000 in sales revenue had fixed costs of $262,500, variable
costs of $500,000, and actual sales of $1,000,000,
INSTRUCTIONS:
Determine and Calculate the following::
(a) the margin of safety expressed in dollars,
(b) the margin of safety expressed as a percentage of sales,
(c) the contribution margin ratio, and
(d) the operating income.
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