Determine the break-even in sales dollars first
Question:
If the margin of safety for Tri-City Company was 30%, fixed costs were $2,800,000 and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
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What was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)
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