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Margin of Safety a. If Canace Company, with a break-even point at $352,800 of sales,...

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Accounting

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Margin of Safety a. If Canace Company, with a break-even point at $352,800 of sales, has actual sales of $630,000, 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. 277,200 2. b. If the margin of safety for Canace Company was 25%, foced costs were $1,415,625, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) 2,516,666.67 X

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