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Exercise 11-20A (Algo) Margin of safety LO 11.6 Vernon Company makes a product that sells for $33 per unit. The company pays $16 per unit

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Exercise 11-20A (Algo) Margin of safety LO 11.6 Vernon Company makes a product that sells for $33 per unit. The company pays $16 per unit for the variable costs of the product and incurs annual fixed costs of $158,100. Vernon expects to sell 22.700 units of product. Required Determine Vemon's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (l.e., 0.2345 should be entered as 23.45).)

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