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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$23 Variable expense per unit$15 Fixed expense per month$7,040 Unit sales per month 1,030 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i. e. 0.1234 should be entered as 12.34).)
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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the n...
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