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QUESTION 17 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96.000 64,000 30.000 $34.000 Determine the margin of safety in dollars. Note: Give your answer using dollar signs and commas but not decimal points (cents). Example: $12,345

QUESTION 17 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96.000 64,000 30.000 $34.000 Determine the margin of safety in dollars. Note: Give your answer using dollar signs and commas but not decimal points (cents). Example: $12,345

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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QUESTION 17 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96,000 64,000 30.000 $34.000 Determine the margin of safety in dollars. Note: Give your answer using dollar signs and commas but not decimal points (cents). Example: $12,345
Transcribed Image Text:QUESTION 17 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96,000 64,000 30.000 $34.000 Determine the margin of safety in dollars. Note: Give your answer using dollar signs and commas but not decimal points (cents). Example: $12,345
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