The margin of safety ratio can be defined as the:
A. Excess of budgeted sales over variable costs divided by budgeted sales.
B. Excess of budgeted sales over break-even sales divided by budgeted sales.
C. Excess of budgeted sales over fixed costs divided by budgeted sales.
D. Excess of budgeted sales over break-even sales divided by break-even sales.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)