The following is Noble Company's contribution format income statement last month: Sales (12,000 units)........... $600,000
Variable expenses.............. 375,000
Contribution margin.......... 225,000
Fixed expenses................... 150,000
Net operating income......... $ 75,000
What is the company's margin of safety percentage to the nearest whole percent?
A) 42%
B) 38%
C) 33%
D) 25%
