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 month's budget appear below: Selling price Variable expenses Fixed expenses Unit sales $24 per unit $18 per unit $4,800 per month 950 units per month Required: 1. Compute the company's margin of safety. (Do not round intermediate calculations.) Margin of safety 2. Compute the company's margin of safety as a percentage of its sales. Round your percentage to 2 decimal places (ie.1234 should be entered as 12.34)
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