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PROBLEM A company with a breakeven point of $800,000 in sales revenue had fixed costs of $200,000. When actual sales were $1,000,000, variable costs were
PROBLEM A company with a breakeven point of $800,000 in sales revenue had fixed costs of $200,000. When actual sales were $1,000,000, variable costs were $750,000. Determine a) the margin of safety in dollars, b) the margin of safety as a percentage of sales, c) the contribution margin ratio, and d) the operating income
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