Vogel Company manufactures scanners that sell for $150 each. The company pays $60 per unit for the

Question:

Vogel Company manufactures scanners that sell for $150 each. The company pays $60 per unit for the variable costs of the product and incurs fixed costs of $1,800,000. Vogel expects to sell 60,000 scanners.
Required
Determine Vogel's margin of safety expressed as a percentage. Round computation to two decimal points