Fillmore Cookery reported actual sales of $2,000,000, and fixed costs of $400,000. The contribution margin ratio is 25%.
Instructions
Compute the margin of safety in dollars and the margin of safety ratio.

Question

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The Answer of Fillmore Cookery reported actual sales of $2,000,000, and fixed costs of $400,000. The contribution margin ratio is 25%.
Instructions
Compute the margin of safety in dollars and the margin of safety ratio.

Fillmore Cookery Reported Actual Sales of $2,000,000, and Fixed Costs