Question
Thornton Company makes a product that sells for $34 per unit. The company pays $12 per unit for the variable costs of the product and
Thornton Company makes a product that sells for $34 per unit. The company pays $12 per unit for the variable costs of the product and incurs annual fixed costs of $195,800. Thornton expects to sell 21,800 units of product. Determine Thorntons margin of safety expressed as a percentage.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
