Exercise 5-8 (Algo) Compute the Margin of Safety (LO5-7) 12.5 points Molander Corporation is a...
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Exercise 5-8 (Algo) Compute the Margin of Safety (LO5-7) 12.5 points Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below 02:31.41 Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 24 $ 16 $ 6,960 1,020 eBook Hint 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 (ue. 1234 should be entered as 12.34).) Print References 1. Margin of safety (in dollars) 2. Margin of safety percentage
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