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Problem: Module 5 Textbook Problem 10 Learning Objective: 5-8 Calculate and interpret the margin of...

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Problem: Module 5 Textbook Problem 10 Learning Objective: 5-8 Calculate and interpret the margin of safety measure Vemon Company makes a product that sells for $31 per unit. The company pays $11 per unit for the variable costs of the product and incurs annual fixed costs of $196,000 Vemon expects to sell 22,100 units of product Required Determine Vernon's margin of salety expressed as a percentage (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).)

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