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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning...

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Question

Accounting

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below:
Selling price per unit
Variable expense per unit
Fixed expense per month
Unit sales per month
Required:
What is the company's margin of safety? (Do not round intermediate calculations.)
What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e.
.1234 should be entered as 12.34).)
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