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

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Accounting

Smith Company produces desk lamps. The information for June indicated that the selling price was $25 per unit, variable costs were $15 per unit, fixed costs totaled $6,000, and the margin of safety in dollars was $12,500. Smith currently sells 1,100 lamps and earns $5,000 of profit. How much is Smiths margin of safety ratio?

2.5%.

40.0%.

2.2%.

45.5%.

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