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The following monthly data are available for the Mirriam Corporation and its only product: Unit selling price 45 Unit variable expenses 35 Total fixed expenses

The following monthly data are available for the Mirriam Corporation and its only product:

Unit selling price 45

Unit variable expenses 35

Total fixed expenses 62,500

Actual sales for the month of May 8,750

What was the margin of safety in dollar for the company during May?

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