Check my work 6 Thornton Company makes a product that sells for $33 per unit....

70.2K

Verified Solution

Question

Accounting

image

Check my work 6 Thornton Company makes a product that sells for $33 per unit. The company pays $17 per unit for the variable costs of the product and incurs annual fixed costs of $147,200. Thornton expects to sell 22,200 units of product. 2.5 points Required Determine Thornton's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45)) eBook Margin of safety % Hint Print References

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students