Spire Ridge Company produces bells. Fixed costs are $800,000 . Variable costs per bell are $60.00 . and each bell sells for $100.00 . The company' sales budget calls for sales of 24,00 . units. At the budgeted level of sales, what is the margin of safety ratio?
a. 20.0%
b. 16.7%
c. 44.4%
d. 33.3%
b
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