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Accounting

Problem:

Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit. Swimkids variable costs are $30 per unit. Fixed costs are $90,000. Swimkids expects sales of $273,000 next year.

Required:

Question: What is Swimkids's margin of safety?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165085

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