Margin of safety problems

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Strong Wood Company is a distributor of patio furniture. Data concerning the next month's budget appear below.

Selling price $290.00

Variable expense $174.00

Fixed expense $158,000.00

Unit sales 1,500 units per month

a. What is the company's margin of safety? (Please show all work so I am able to learn the formulas)

b. What is the company's margin of safety as a percentage of sales? (Please show all work so I am able to learn the formulas)

Reference no: EM1363169

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