Malinin Company distributes a single product. The companys sales and expenses for the current month...
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Accounting
Malinin Company distributes a single product. The companys sales and expenses for the current month follow: Total Per Unit Sales $ 616,000 $ 40 Variable expenses 431,200 28 Contribution margin 184,800 $ 12 Fixed expenses 147,600 Net operating income $ 37,200 Required: Compute the company's margin of safety as a percentage of sales
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