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Munoz Company makes a product that sells for $34 per unit. The company pays $16 per unit for the variable costs of the product and
Munoz Company makes a product that sells for $34 per unit. The company pays $16 per unit for the variable costs of the product and incurs annual fixed costs of $163,800. Munoz expects to sell 22,900 units of product. Required Determine Munoz'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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