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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

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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.)

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