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Glacial Company estimates that variable costs will be 63.2% of sales, and fixed costs will total $655,000. The selling price of the product is $3.90.
Compute the break-even point in (1) units and (2) dollars.
a. Break even sales __ units
b. Break even sales __ $$
Assuming actual sales are $2,115,000, compute the margin of safety in (1) dollars and (2) as a ratio.
a. Margin of safety __ $$
b. Margin of safety ratio (as percentage)
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