Shambo Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$60,000Variable expenses 42,000Contribution margin 18,000Fixed expenses 13,200Net operating income$4,800 The margin of safety percentage is closest to:
A. 70%
B. 27%
C. 22%
D. 8%
Answer: B
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