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 | $28 | per unit | |
| Variable expenses | $19 | per unit | |
| Fixed expenses | $8,100 | per month | |
| Unit sales | 1,050 | units per month | |
| | |||
| Required: | |
| 1. | Compute the companys margin of safety. (Do not round intermediate calculations.) |
| 2. | Compute 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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