Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sandhill Industries reported actual sales of $2,049,000 and fixed costs of $547,083. The contribution margin ratio is 30%. Compute the margin of safety in dollars
Sandhill Industries reported actual sales of $2,049,000 and fixed costs of $547,083. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 52.7.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started