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The following monthly data are available for the Mirriam Corporation and its only product: Unit selling price $36 Unit variable expenses $28 Total fixed expenses
The following monthly data are available for the Mirriam Corporation and its only product:
Unit selling price | $36 |
Unit variable expenses | $28 |
Total fixed expenses | $50,000 |
Actual sales for the month of May in units | 7,000 |
What was the margin of safety in dollar for the company during May?
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