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Jordan Company makes a product that sells for $32 per unit. The company pays $13 per unit for the variable costs of the product and
Jordan Company makes a product that sells for $32 per unit. The company pays $13 per unit for the variable costs of the product and incurs annual fixed costs of $171,000. Jordan expects to sell 22,900 units of product.
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Determine Jordan's margin of safety expressed as a percentage.(Round your answer to 2 decimal places (i.e., .2345 should be entered as 23.45).)
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