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Simple Seating Co., a manufacturer of chairs, had the following data for 2015: Sales 2,500 Units Sales Price $50 Variable Costs $10 Fixed Costs $24,000

Simple Seating Co., a manufacturer of chairs, had the following data for 2015:

Sales 2,500 Units
Sales Price $50
Variable Costs $10
Fixed Costs $24,000

  1. What is the contribution margin ratio?

  2. What is the break-even point in dollars?

  3. What is the margin of safety in dollars?

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