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Monterey Co. makes and sells a single product. The current selling price is $15 per unit. Variable expenses are $9 per unit, and fixed expenses
Monterey Co. makes and sells a single product. The current selling price is $15 per unit. Variable expenses are $9 per unit, and fixed expenses total $33,300 per month. (Unless otherwise stated, consider each requirement separately.)
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b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $98,250. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.)
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