Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. 
The margin of safety percentage is closest to:
Definitions:
Fixed Manufacturing Overhead
Consists of manufacturing costs that do not change with the level of production, such as salaries of supervisors and rent for factory premises.
Denominator Level
The level of activity used to compute the fixed manufacturing overhead rate in absorption costing, affecting inventory and cost of goods sold.
Budget Variance
The difference between budgeted amounts and actual amounts spent or received.
Volume Variance
The difference between the expected volume of production or sales and the actual volume, affecting budgeting and costing.
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