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Lavelle Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price per unit
Lavelle Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below:
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| Selling price per unit | $ | 29 |
| Variable expense per unit | $ | 19 |
| Fixed expense per month | $ | 8,400 |
| Unit sales per month |
| 990 |
Required:
What is the companys margin of safety as a percentage of its sales?
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