Question: SixthZ prepared the following contribution margin income statement based on a sales volume of 1,100 cornhole board sets: Sales $104,500 Less: Variable Expenses $62,000 Contribution

SixthZ prepared the following contribution margin income statement based on a sales volume of 1,100 cornhole board sets:

Sales

$104,500

Less: Variable Expenses

$62,000

Contribution Margin

$42,500

Less: Fixed Expenses

$35,000

Net Operating Income

$7,500

Calculate the margin of safety.

Group of answer choices

$103,400

$21,375

$97,000

$18,441

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