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Indigo Corp. has a selling price of $20 and variable costs of $12.20 per unit. When 20,000 units are sold, profits equaled $28,470. What is the margin of safety? Multiple Choice $84.700 $28,470 $73,000 $156,000

Indigo Corp. has a selling price of $20 and variable costs of $12.20 per unit. When 20,000 units are sold, profits equaled $28,470. What is the margin of safety? Multiple Choice $84.700 $28,470 $73,000 $156,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Indigo Corp. has a selling price of $20 and variable costs of $12.20 per unit. When 20,000 units are sold, profits equaled $28,470. What is the margin of safety? Multiple Choice $84,700 $28,470 $73,000 $156,000 6
Transcribed Image Text:Indigo Corp. has a selling price of $20 and variable costs of $12.20 per unit. When 20,000 units are sold, profits equaled $28,470. What is the margin of safety? Multiple Choice $84,700 $28,470 $73,000 $156,000 6
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