FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A company produces a product and sells 25000 units a month at a selling price of £38. Direct material cost is £12 per unit and direct labour cost is £10 per unit of output. The total fixed costs is £288,000. The factory has a maximum production capacity of 40,000 units. Calculate the margin of safety ratio
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