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Jordan Company makes a product that sells for $33 per unit. The company pays $23 per unit for the variable costs of the product and
Jordan Company makes a product that sells for $33 per unit. The company pays $23 per unit for the variable costs of the product and incurs annual fixed costs of $96,000. Jordan expects to sell 21,000 units of product. Required Determine Jordan'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))
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