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The following is last month's contribution format income statement: Sales (15,000 units)........$1,500,000 Variable expenses........... 900,000 Contribution margin......... 600,000 Fixed expenses.............. 500,000 Net operating income........ 100,000
The following is last month's contribution format income statement: Sales (15,000 units)........$1,500,000 Variable expenses........... 900,000 Contribution margin......... 600,000 Fixed expenses.............. 500,000 Net operating income........ 100,000 What is the company's margin of safety in dollars? a.$600,000 b.$100,000 c.$250,000 d.$1,500,000
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
