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Real Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning next month's budget appear below:
Selling price $25 per unit
Variable expenses $15 per unit
Fixed expenses $8,500 per month
Unit sales 1,000 units per month
Required:
1) Compute the company's margin of safety.
2) Compute the company's margin of safety as a percentage of its sales.
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