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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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