FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Howell Company
Below is an income statement for Howell Company:
Sales | $600,000 |
Variable costs | (150,000) |
Contribution margin | $450,000 |
Fixed costs | (300,000) |
Profit before taxes | $150,000 |
Refer to Howell Company. What was Howell’s margin of safety?
Select one:
a. $150,000
b. $200,000
c. $300,000
d. $175,000
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