Acc505 Managerial Accounting: (TCO 5) Quiltworks Company reported actual sales

Acc505 Managerial Accounting

(TCO 5) Quiltworks Company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%.

Instructions
(a) Compute the break-even point in dollars
(b) Compute the margin of safety in dollars and the margin of safety ratio (Points : 25)
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