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If Canace Company, with a break - even point at $ 2 7 3 , 6 0 0 of sales, has actual sales of $

If Canace Company, with a break-even point at $273,600 of sales, has actual sales of $360,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number.
1.$ 86,400(correct)
2.24%(correct)
b. If the margin of safety for Canace Company was 45%, fixed costs were $2,081,475, and variable costs were 55% of sales, what was the amount of actual sales (dollars)?
(Hint: Determine the break-even in sales dollars first.)
$____________

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