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
What is the margin of safety for Stockmaster Corporation in dollars?
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
