14.23 Gospodin Grimshaw Ltd manufactures hiking boots for sale which it sells principally in Russia and other
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14.23 Gospodin Grimshaw Ltd manufactures hiking boots for sale which it sells principally in Russia and other parts of eastern Europe. Each pair of boots sells for £15. Variable costs are £5.50 per pair. Fixed costs are budgeted at £87,900 for the 20X7 financial year. The company expects to sell 15,000 pairs of boots in 20X7. What is its margin of safety in pounds (to the nearest pound)?
a) £54,597
b) £86,205
c) £138,795
d) £62,520
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