Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning...
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Accounting
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below:
Selling price per unit
$ 25
Variable expense per unit
$ 16
Fixed expense per month
$ 7,380
Unit sales per month
970
Required:
1. What is the companys margin of safety? (Do not round intermediate calculations.)
2. What is the companys 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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