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Question 1: The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is able to achieve the budgeted level of sales, its margin of safety in dollars would be (Do not round intermediate calculations.):
Sales (61,000 units) 1,464,000
Costs:
Direct materials 689,800
Direct labor 241,600
Fixed factory overhead 108,000
Variable factory overhead 151,600
Fixed marketing costs 111,600
Variable marketing costs 51,600 1,354,200
Pretax income 109,800
Multiple Choice:
Option a. $488,000.
Option b. $304,695.
Option c. $229,333.
Option d. $151,600.
Option e. $354,105.
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