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Light Me Up Lamps has variable expenses of 30% of sales and monthly fixed expenses of $322,000. The monthly target operating income is $80,500. What
Light Me Up Lamps has variable expenses of 30% of sales and monthly fixed expenses of $322,000. The monthly target operating income is $80,500. What is the monthly margin of safety as a percentage of target sales in dollars? A. 20% B. 70% C. 25% D. 2.1%
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