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Crane Company produces desk lamps. The information for June indicated that the selling price was...

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Accounting

Crane Company produces desk lamps. The information for June indicated that the selling price was $25 per unit, variable costs were $17 per unit, fixed costs totaled $7560, and the margin of safety in dollars was $11025. Crane currently sells 1386 lamps and earns $6300 of profit. How much is Crane's margin of safety ratio? O 2.2%. O 31.8%. O 1.8%. O 40.0%.
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Crane Company produces dedk lamps. The information for June indicated that the selling price was $25 per unit, variable costs were $17 per unit, fuxed costs totaled $7560, and the margin of safety in dollars was $1,025. Crane currentiy sells 1386 lamps and earns $6300 of profit. How much is Crane's margin of safety ratio? 2.2% 318% 1.8 40.0%

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