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Firmin Company makes a product that sells for $12 per unit. The company pays $7 per unit for the variable costs of the product and

Firmin Company makes a product that sells for $12 per unit. The company pays $7 per unit for the variable costs of the product and incurs annual fixed costs of $80,000. Firmin expects to sell 20,000 units of product. What is Firmin's margin of safety expressed as a percentage? Multiple Choice

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