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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, what
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 (53,000 units) $ 954,000 Costs: Direct materials $ 226,900 Direct labor 240,300 Fixed factory overhead 101,500 Variable factory overhead 150,300 Fixed marketing costs 110,300 Variable marketing costs 50,300 879,600 Income $ 74,400
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