Last month Annie's Homemade sold 5,000 servings of ice cream for $5.00 each. Its variable...
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Accounting
Last month Annie's Homemade sold 5,000 servings of ice cream for $5.00 each. Its variable cost is $1.25 per serving and its total fixed costs were $11,000. Required: 1. What was last month's margin of safety? 2. What was last month's margin of safety percentage? Complete this question by entering your answers in the tabs below. What was last month's margin of safety? Complete this question by entering your answers in the tabs below. What was last month's margin of safety percentage? Note: Round down to the nearest whole percent
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