Multiple Choice
The following monthly data are available for Lyle, Inc. which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $70,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?
A) $42,000
B) $63,000
C) $37,800
D) $1,500
Correct Answer:
Verified
Correct Answer:
Verified
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