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The following is last month's contribution format income statement: Sales (12,000 units) Less: variable expenses Contribution margin Less: fixed expenses Operating income $1,200,000 700,000
The following is last month's contribution format income statement: Sales (12,000 units) Less: variable expenses Contribution margin Less: fixed expenses Operating income $1,200,000 700,000 500,000 300,000 $200,000 What is the company's margin of safety percentage, rounded to the nearest whole percent?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
