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What is the company margin of safety in dollars

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Reference no: EM133109291

Question - The following is last month's contribution format income statement:

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

Less: variable expenses 900,000

Contribution margin 600,000

Less: fixed expenses 500,000

Operating income $100,000

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

Reference no: EM133109291

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