Question
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) $ 320,000
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
| Sales (8,000 units) | $ | 320,000 |
| Variable expenses | 192,000 | |
| Contribution margin | 128,000 | |
| Fixed expenses | 121,600 | |
| Net operating income | $ | 6,400 |
The margin of safety in dollars is closest to:
Multiple Choice
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$6,400
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$16,000
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$121,600
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$128,000
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
