MANAGERIAL ACCOUNTING CONNECT ACCESS <C>
MANAGERIAL ACCOUNTING CONNECT ACCESS <C>
5th Edition
ISBN: 9781264191635
Author: Noreen
Publisher: MCG CUSTOM
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Chapter 2, Problem 2.7Q
To determine

Concept introduction:

The CVP analysis analyses use the relation between cost, volume and profit to calculate the effect of change in one variable on others. The margin of safety is the excess amount of sales over the breakeven level of sales.

To indicate: the meaning of the margin of safety.

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