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Determine last year margin of safety in sales dollars

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Assume a local Cost Cutters provides cuts, perms, and hair styling services. Annual fixed costs are $120,000, and variable costs are 50 percent of sales revenue. Last year's revenues totaled $270,000.

Problem (a) Determine its break-even point in sales dollars.

Problem (b) Determine last year's margin of safety in sales dollars.

Problem (c) Determine the sales dollar volume required for a pretax annual profit of $90,000.

Reference no: EM132858981

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