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ative SU Quick Answers In text Citation eBook Show Me How Margin of Safety a....

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ative SU Quick Answers In text Citation eBook Show Me How Margin of Safety a. I Canace Company, with a break-even point at $446,400 of sales, has actual sales of $720,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. 273,600 2. 38 b. If the margin of safety for Canace Company was 25%, fixed costs were $1,055,625, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) 563,333 Feedback Check My Wor (Sales minus sales at break-even) divided by sales equals margin of safety b. Sales minus variable costs equals contribution margin. Fixed costs divided by unit contribution margin equals break-even point (Sales minus sales at break-even) divided by sales equals margin of safety, do 12:09 PM 7/3/2021 BI 9

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