Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit

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Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the variable costs of the product and incurs annual fixed costs of $360,000. Owen expects to sell 20,000 units of product.
Required
Determine Owen's margin of safety expressed as a percentage.
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Related Book For  answer-question

Fundamental Managerial Accounting Concepts

ISBN: 978-1259569197

8th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds

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