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Tim's manufacturing company wants to add two new ice cream flavors to its menu. The data below applies to the new flavor. Budgeted Sales: 31,000

Tim's manufacturing company wants to add two new ice cream flavors to its menu. The data below applies to the new flavor.

Budgeted Sales: 31,000 two flavors per year

Sales Price: $15 per flavor

Variable costs: $14 per flavor

Fixed cost : $20,000 per year

What is the margin of safety for Tim's manufacturing company(Round your answer to whole percentage value)

Please SHOW the formula and your STEPS. Thank you

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