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 | $ 30 |
|---|---|
| Variable expense per unit | $ 20 |
| Fixed expense per month | $ 7,500 |
| Unit sales per month | 1,000 |
Required:
- What is the companys margin of safety?
- What is the companys margin of safety as a percentage of its sales?
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