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Exercise 11-20 Margin of safety Jensen Company makes a product that sells for $38 per unit. The…

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Exercise 11-20     Margin of safety

Jensen Company makes a product that sells for $38 per unit. The company pays $16 per unit for the variable costs of the product and incurs annual fixed costs of $176,000. Jensen expects to sell 21,000 units of product.

Required

Determine Jensen’s margin of safety in units, sales dollars, and as a percentage.

 

Nov 10 2015 06:26 AM

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