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Vernon Company makes a product that sells for $32 per unit. The company pays $15 per unit for the variable costs of the product
Vernon Company makes a product that sells for $32 per unit. The company pays $15 per unit for the variable costs of the product and incurs annual fixed costs of $158.100. Vernon expects to sell 22,600 units of product. JFZ Note: Consider using our "Generic CM Template" (posted on our class website) to evaluate. Required Determine Vernon's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45)) Margin of safety %
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