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What is fanning margin of safety expressed as a percentage

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Fanning Company makes a product that sells for $35 per unit. The company pays $15 per unit for the variable costs of the product and incurs annual fixed costs of $170,000. Fanning expects to sell 22,800 units of product.

Problem 1: What is Fanning's margin of safety expressed as a percentage.

Reference no: EM132840607

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