Compute the margin of safety in dollars
Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%.
(a) compute the break even point in dollars
(b) compute the margin of safety in dollars and the margin of safety ratio
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Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%. (a) compute the break even point in dollars (b) compute the margin of safety in dollars and the margin of safety ratio
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