Reference: 08-12
Junsin Corporation's Budget for Next Year Appears Below

Reference: 08-12
Junsin Corporation's budget for next year appears below. The budget assumes the company will sell 30,000 units. $$\begin{array} { | c | c | c | } \hline \text { Sales } & & \$ 600,000 \\\hline \text { Less expenses: } & & \\\hline \text { Variable } & \$ 390,000 & \\\hline \text { Fixed } & 140,000 & 530,000 \\\hline \text { Net income } & & \$ 70,000 \\\hline\end{array}$$
-The company's margin of safety as a percentage of sales (rounded to the nearest whole percent) is:

A) 33%.
B) 67%.
C) 12%.
D) 50%.

Correct Answer:

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