Solved: What is the companys margin of safety in, Managerial Accounting

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What is the companys margin of safety in

The following is last months contribution format income statement:

Sales (15,000 units) $1,500,000

Variable Expense 900,000

Contribution margin 600,000

Fixed Expenses 500,000

New operating income 100,000

What is the company's margin of safety in dollars?

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