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If the margin of safety for Watkins Company was 40%,fixed costswere $1,867,200, andvariable costswere 60% of sales, what was the amount of actual sales (dollars)?
If the margin of safety for Watkins Company was 40%,fixed costswere $1,867,200, andvariable costswere 60% of sales, what was the amount of actual sales (dollars)?
(Hint:Determine the break-even in sales dollars first.)
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