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Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units) $ 270,000
Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (9,000 units) | $ 270,000 |
---|---|
Variable expenses | 202,500 |
Contribution margin | 67,500 |
Fixed expenses | 63,750 |
Net operating income | $ 3,750 |
The margin of safety percentage is closest to:
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75%
1%
6%
24%
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