Question
Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the variable costs of the product
Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the variable costs of the product and incurs annual fixed costs of $360,000. Owen expects to sell 20,000 units of product. Required Determine Owen's margin of safety expressed as a percentage. Margin of safety %
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
