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Margin of safety a. If Canace Company, with a break-even point at $423,500 of sales, has actual sales of $770,000, what is the margin of
Margin of safety a. If Canace Company, with a break-even point at $423,500 of sales, has actual sales of $770,000, what is the margin of safety expressed (1) in dollars and (?) as a percentage of sales? Round the percentage to the nearest whole number 1. 2. b. If the margin of safety for Canace Company was 40%, xed costs were $1,533,600, and variables were 60% of sales, what was the amount of actual sales (dollars) (Hint: Determine the break-even in sales dollars first)
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