Question
The Clayton Corporation makes and sells a single product. It has the following data for 2021: Selling price per unit $20.00 Variable cost per unit
The Clayton Corporation makes and sells a single product. It has the following data for 2021:
Selling price per unit $20.00
Variable cost per unit $8.00
Units sold 10,000 units
The margin of safety for year 2021 is 2,500 units. Its total fixed expenses in 2021 must have been:
$20,000
$30,000
$50,000
$90,000
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
