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Question 11 3 pts Colorado Inc. prepared the following contribution income statement format based on sales volume of 1,640 units (the relevant range of production
Question 11 3 pts Colorado Inc. prepared the following contribution income statement format based on sales volume of 1,640 units (the relevant range of production is 1,000 units to 2,000 units) TABLE 1 Sales Variable expenses Contribution Margin Fixed Expenses Net Operating Income $ 53,300.00 $ 35,096 00 $ 18,204.00 TT $ 6,060.00 $ 12,144.00 What is the margin of safety percentage? (pick the closest answer, do not round intermediate calculations) 66.71% 149.90% 33.29% 98.98% None of these choices is correct
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