Adams Company makes a product that sells for $$33$ per unit. The company pays $$19$ per unit for the variable costs of the product and incurs annual fixed costs of $$137,200.$ Adams expects to sell $22,100$ units of product.

Required

Determine Adams$$s margin of safety expressed as a percentage.

Note: Round your answer to $2$ decimal places. $($i$.$e$.,0\mathrm{.}2345$ should be entered as $23\mathrm{.}45)$

Answer rating: 100% (QA)

Margin of safety is calculated as follows Margin of Safety Actual Sales Breakeven Sa... View the full answer