Required:Exercise Algo Compute the Margin of Safety LO
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below:
Selling price per unit
Variable expense per unit
Fixed expense per month
Unit sales per month
$
$
$
Required:
What is the company's margin of safety? Do not round intermediate calculations.
What is the company's margin of safety as a percentage of its sales? Round your percentage answer to decimal places ie
should be entered as
What is the overall contribution margin CM ratio for the company?
What is the company's overall breakeven point in dollar sales?
Prepare a contribution format income statement at the company's breakeven point that shows the appropriate levels of sales for
the two products.
Complete this question by entering your answers in the tabs below.
Prepare a contribution format income statement at the company's breakeven point that shows the appropriate levels of sales
for the two products. Do not round intermediate calculations. Round your answers to the nearest dollar amount.
