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Leisure Products management wants to ensure that each product makes a profit. The company produced a hammock that sold 3,500 units at $80 per unit.
Leisure Products management wants to ensure that each product makes a profit. The company produced a hammock that sold 3,500 units at $80 per unit. The variable cost of production was $36 per unit. The fixed costs were $110,000. What was the margin of safety? I also need the computation. Thanks.
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