Question
Fontaine Corp. has a selling price of $16 and variable costs of $8.80 per unit. When 11,000 units are sold, profits equaled $36,900. What is
Fontaine Corp. has a selling price of $16 and variable costs of $8.80 per unit. When 11,000 units are sold, profits equaled $36,900. What is the margin of safety?
Multiple Choice
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$84,600
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$124,900
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$36,900
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$82,000
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
