Question
The margin of safety is: the excess of budgeted or actual sales over budgeted or actual variable expenses. the excess of budgeted or actual sales
the excess of budgeted or actual sales over budgeted or actual variable expenses.
the excess of budgeted or actual sales over budgeted or actual fixed expenses.
the excess of budgeted or actual sales over the break-even volume of sales.
the excess of budgeted net operating income over actual net operating income.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
