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Thornton Company makes a product that sells for $34 per unit. The company pays $25 per unit for the variable costs of the product and
Thornton Company makes a product that sells for $34 per unit. The company pays $25 per unit for the variable costs of the product and incurs annual fixed costs of $81,000. Thornton expects to sell 22,900 units of product. Required Determine Thornton's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) Margin of safety %
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