Abigail Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning...
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Accounting
Abigail Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling Price P25 per unit Variable expense P15 per unit Fixed expense P8,500 per month Unit sales 1,000 units per month
Required:
1. Compute the company's margin of safety.
2. Compute the company's margin of safety as a percentage of its sales.
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