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1 Exercise 3-11A (Algo) Margin of safety LO 3-4 Vernon Company makes a product that sells for $35 per unit. The company pays $18 per

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1 Exercise 3-11A (Algo) Margin of safety LO 3-4 Vernon Company makes a product that sells for $35 per unit. The company pays $18 per unit for the variable costs of the product and incurs annual xed costs of $137,700. Vernon expects to sell 22,200 units of product. Required Determine Vernon's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45)) "lo _

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