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Monterey Co. makes and sells a single product. The current selling price is $17 per...

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Accounting

Monterey Co. makes and sells a single product. The current selling price is $17 per unit. Variable expenses are $10.2 per unit, and fixed expenses total $38,360 per month. (Unless otherwise stated, consider each requirement separately.) b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $112,900.

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