Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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not use ai please
Tyson Company reported the following income statement
information for June:
Sales revenue
Variable costs
Fixed costs.
... $250,000
$ 27,500
$ 70,000
Currently, the sales clerks receive a fixed salary of
$5,500 per month. In July, Tyson Company discontinued
this fixed salary and instead paid the sales clerks a
commission of 3% of sales.
Tyson Company reported sales revenue of $271,000 for
the month of July.
Calculate Tyson Company's margin of safety for July.
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Transcribed Image Text:Tyson Company reported the following income statement information for June: Sales revenue Variable costs Fixed costs. ... $250,000 $ 27,500 $ 70,000 Currently, the sales clerks receive a fixed salary of $5,500 per month. In July, Tyson Company discontinued this fixed salary and instead paid the sales clerks a commission of 3% of sales. Tyson Company reported sales revenue of $271,000 for the month of July. Calculate Tyson Company's margin of safety for July.
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