Hedman Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units)$270,000Variable expenses 202,500Contribution margin 67,500Fixed expenses 63,750Net operating income$3,750The margin of safety percentage is closest to:
A. 1%
B. 75%
C. 6%
D. 24%
Answer: C
Business
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