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The Mofs-477 Company's contribution format income statement for last month is given below. Sales (47,000 units * $29 per unit) Variable expenses Contribution margin Fixed

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The Mofs-477 Company's contribution format income statement for last month is given below. Sales (47,000 units * $29 per unit) Variable expenses Contribution margin Fixed expenses Net operating income $1,363,000 954, 100 408,900 327, 120 $ 81,780 The company considers renovating its operations by purchasing a new machine that would reduce variable expenses by $8.70 per unit. However, fixed expenses would increase to a total of $736,020 each month. Using the new machine would not cause a change in monthly sales quantity or price per unit. What would the company's margin of safety in dollars be if it purchases and uses the new machine

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