QUESTION 27 The KURUVILLA Company had the following functional income statement for the month of July, 2020: $400,000 Sales ($20 x 20,000 units) Costs of goods sold: Direct materials (3 x 20,000) $ 60,000 Direct labor (2 x 20,000) 40,000 Variable factory overhead (6 x 20000) 120,000 Fixed factory overhead 50,000 Gross profit Selling and administrative expenses: Variable (1 x 20000) $ 20,000 Fixed 50,000 Operating income 270,000 $130,000 70,000 $ 60,000 Kuruvilla's tax rate is 40%. What is the margin of safety in sales dollars? Be sure to show ALL your work with formulas in English or abbreviations, if needed, to receive full credit for a correct answer. TT T Arial 3 (12pt) T Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers