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    Financial and Managerial Accounting Study Set 1
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    Exam 18: Cost Behavior and Cost-Volume-Profit Analysis
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    Proctor Company Has Fixed Costs of $315,000 and a Contribution
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Proctor Company Has Fixed Costs of $315,000 and a Contribution

Question 31

Question 31

Essay

Proctor Company has fixed costs of $315,000 and a contribution margin ratio of 24%.If sales are expected to be $1,500,000,what is the margin of safety,in percent?

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