Solved: What is the margin of safety expressed in dollars, Accounting Basics

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What is the margin of safety expressed in dollars

Solve the below:

Q: a. If Fama Company, with a break-even point at $307,400 of sales, has actual sales of $530,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?

b. If the margin of safety for Watkins Company was 30%, fixed costs were $1,675,800, and variable costs were 70% of sales, what was the amount of actual sales (dollars)?

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Accounting Basics: What is the margin of safety expressed in dollars

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Accounting Basics: What is the margin of safety expressed in dollars

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