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Marigold Company has sales of $503000, variable costs of $429000, and fixed costs of $29000....

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Accounting

Marigold Company has sales of $503000, variable costs of $429000, and fixed costs of $29000. Ivanhoe Company has sales of $503000, variable costs of $194000, and fixed costs of $271920. Ivanhoes margin of safety ratio is

0.12.

0.37.

0.63.

0.88.

2)

Sunland Company has a contribution margin per unit of $18 and a contribution margin ratio of 80%. How much is the selling price of each unit?

$22.50.

$90.00.

$14.40.

Cannot be determined without more information.

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