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Cutters Inc produces Scissors. The selling price is $12 per scissor. The variable cost of production is $4.80 per scissor and the fixed cost per
Cutters Inc produces Scissors. The selling price is $12 per scissor. The variable cost of production is $4.80 per scissor and the fixed cost per month is $20,448. For October, the company expects to sell 3,100 Scissors.
Instructions:
1)Calculate expected profit.
2)Calculate the margin of safety in dollars.
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