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Fanning Company makes and sells products with variable costs of $ 2 4 each. Fanning incurs annual fixed costs of $ 3 7 8 ,
Fanning Company makes and sells products with variable costs of $ each. Fanning incurs annual fixed costs of $ The current sales price is $
Note: The requirements of this question are interdependent. For example, the $ desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $ sales price introduced in Requirement d applies to the subsequent requirements.
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g Assume that Fanning concludes that it can sell units of product for $ each. Recall that variable costs are $ each and fixed costs are $ Compute the margin of safety in units and dollars and as a percentage.
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