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Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units) $ 150,000
Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units) $ 150,000 Variable expenses 112,500 Contribution margin 37,500 Fixed expenses 35,250 Net operating income $ 2,250 The margin of safety percentage is closest to: Group of answer choices 2% 24% 75% 6%
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