Question
Neeley Grocery has a monthly target operating income of $20,700. Variable expenses are 10% of sales and monthly feed expenses are $15,300. What is
Neeley Grocery has a monthly target operating income of $20,700. Variable expenses are 10% of sales and monthly feed expenses are $15,300. What is the monthly margin of safety as a percentage of target sales in dollars?
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
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