Account Quiz Question #1
Miketheprodhwer444The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year. If Griffith Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be (Do not round intermediate calculations): |
| Sales (65,000 units) | $1,430,000 | |
| Costs: | ||
| Direct materials | $555,000 | |
| Direct labor | 242,000 | |
| Fixed factory overhead | 110,000 | |
| Variable factory overhead | 152,000 | |
| Fixed marketing costs | 112,000 | |
| Variable marketing costs | 52,000 | 1,223,000 |
| Pretax income | $207,000 | |
| [removed] | $491,100. |
| [removed] | $173,333. |
| [removed] | $690,000. |
| [removed] | $366,900. |
| [removed] | $152,000. |
11 years ago
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