Ralley Corporation sells a single product at a price of $550 per unit. Variable cost per unit is $270 and fixed costs total $840,000. If sales are expected to be $1,700,000, what is the company’s margin of safety ratio? 3.03% 30.3% 29.4% 2.94% 4.04%

Ralley Corporation sells a single product at a price of $550 per unit. Variable cost per unit is $270 and fixed costs total $840,000. If sales are expected to be $1,700,000, what is the company’s margin of safety ratio? 3.03% 30.3% 29.4% 2.94% 4.04%

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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		3.03%
		30.3%
		29.4%
		2.94%
		4.04%

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