Which statement relating to margin of safety is true?
A) It is the difference between fixed and variable costs at a given level of production.
B) It is the excess of actual sales over expected sales.
C) It indicates the amount of goods or services which can be safely produced by the business.
D) It is the amount by which sales can decrease before a loss occurs.
Correct Answer:
Verified
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Fixed
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A) the excess of
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