Use this income statement to answer the questions that follow.
| Sales ($50 per unit) Don't use plagiarized sources. Get Your Custom Essay on what is the margin of safety in units in dollars 613946 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $5,000 | |
| Less: Cost of goods sold ($32 per unit) | 3,200 | |
| Gross margin | 1,800 | |
| Less operating expenses: | ||
| Salaries | $800 | |
| Advertising | 400 | |
| Shipping ($2 per unit) | 200 | 1,400 |
| Operating Income | $ 400 |
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