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The margin of safety is the difference between actual (or expected) sales level and break-even sales level. True False At the end of period, total

  1. The margin of safety is the difference between actual (or expected) sales level and break-even sales level.

  1. True
  2. False

  1. At the end of period, total factory overhead account has $1,000 credit balance left to be accounted for. Prepare a journal entry to close the balance. (2 points)

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