Question 8 Freddie Fox Ltd sells widgets to the manufacturing Industry at a price of 70 per widget. His cost structure is as follows: Material cost per unit = 20 Direct labour cost per unit = 14 Other variable overhead cost per unit = 4 Annual fixed manufacturing overhead = 16,000 Annual fixed selling and administrative overhead = 8,000 Freddie Fox's budgeted operating level for the year is to make and sell 1,600 widgets. Based on this level of activity, what is the margin of safety expressed both in of sules and as a percentage of the budgeted position? IF a. 59,000 and 113.3% b. 59,500 and 113.3% c. 59,000 and 12.5% d. 59,500 and 53.1% h (United States Focus