Question: Problem: Module 5 Textbook Problem 10 Learning Objective: 5-8 Calculate and interpret the margin of safety measure Franklin Company makes a product that sells for
Problem: Module 5 Textbook Problem 10 Learning Objective: 5-8 Calculate and interpret the margin of safety measure Franklin Company makes a product that sells for $33 per unit. The company pays $23 per unit for the variable costs of the product and Incurs annual fixed costs of $100,000. Franklin expects to sell 21,500 units of product. Required Determine Franklin's margin of safety expressed as a percentage (Round your percentage answers to 2 decimal places fl.e. 0.2345 should be entered as 23.45).) Margin of safety %
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