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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$ 28Variable expense per unit$ 17Fixed expense per month$ 9,790Unit sales per month1,040 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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