Question
Market Sales had $1,200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80,000. What is Market's margin of safety
Market Sales had $1,200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80,000. What is Market's margin of safety in sales dollars?
| $500,000. | ||
| $200,000. | ||
| $300,000. | ||
| Cannot determine with the information given. |
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
