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Exercise 3-11A (Algo) Margin of safety LO 3-4 Walton Company makes a product that sells for $32 per unit. The company pays $22 per unit

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Exercise 3-11A (Algo) Margin of safety LO 3-4 Walton Company makes a product that sells for $32 per unit. The company pays $22 per unit for the variable costs of the product and incurs annual fixed costs of $98,000. Walton expects to sell 21,800 units of product. Required Determine Walton'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)) Margin of safety %

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