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The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achieves the budgeted level of sales,
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? (Do not round intermediate calculations.): Sales (60,000 units) $ 1,500,000 Costs: Direct materials Direct labor Fixed factory overhead $ 799,300 240,900 104,500 Variable factory overhead 150,900 Fixed marketing costs 110,900 Variable marketing costs 50,900 1,457,400 Income $ 42,600
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