Question
The following is a contribution format income statement for Duncam Company: Sales (150,000 units) $412,500 Less: Variable expenses 195,000 Contribution Margin 217,500 Less: Fixed expenses
The following is a contribution format income statement for Duncam Company:
Sales (150,000 units) $412,500
Less: Variable expenses 195,000
Contribution Margin 217,500
Less: Fixed expenses 145,000
Net Income $72,500
Calculate the margin of safety percentage.
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
