Question
The following is last months contribution format income statement: Sales (15,000 units) $1,500,000 Variable Expense 900,000 Contribution margin 600,000 Fixed Expenses 500,000 New operating income
The following is last months contribution format income statement:
Sales (15,000 units) $1,500,000
Variable Expense 900,000
Contribution margin 600,000
Fixed Expenses 500,000
New operating income 100,000
What is the company's margin of safety in dollars?
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
