Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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: $ 24 $ 19 $ 4,150 980 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's 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).) 1. Margin of safety (in dollars) 2. Margin of safety percentage % 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: $ 24 $ 19 $ 4,150 980 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's 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).) 1. Margin of safety (in dollars) 2. Margin of safety percentage %
Expert Answer:
Answer rating: 100% (QA)
1 Margin of safety in dollars Sales 980 units x 24 per unit 23520 Contribution m... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Following is selected information relating to the operations of Kelly Company, a wholesale distributor: Current assets as of March 3 1 : Cash $ 1 4 , 0 0 0 Accounts receivable 2 6 , 0 0 0 Inventory 4...
-
You have most likely heard about the discovery of the HMS Endurance, the ship that sank in 1915 off the coast of Antarctica and whose wreckage was discovered intact in early March 2022. Sir Ernest...
-
In the O'bannon v. NCAA case what were the legal issues at play, relevant law, decision of the court, (and applicable dissents), reasoning of the court, and implications for sport and recreation...
-
Consider a post office with two employees and a single waiting line. On average, the inter-arrival time is 6 minutes. Standard deviation of inter-arrival time is 3.94 minutes. Average service time is...
-
A 12- resistor has a potential difference of 16 V across it. What current flows through the resistor?
-
What is the difference between physical environment and material culture?
-
10. ROLE REVERSAL Write an essay question involving a union organizing campaign and a management response that includes both permissible advocacy and illegal conduct.
-
Bailey Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different used airplanes. The first airplane is expected to cost $9,000,000; it...
-
Unbiased Expectations Theory Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are...
-
c) Engineering structures are required to support loads and resist forces, and to transfer these loads and forces to the foundations of the structures. The loads and forces may arise from the masses...
-
Pitmann Ltd and Markov Ltd have identical expected operating cash flows of $600 million in perpetuity, but Pitmann is financed entirely by equity, while Markov's capital structure includes 30 percent...
-
Bruno Industries expects credit sales for January, February, and March to be $200,000, $260,000, and $300,000, respectively. It is expected that 55% of the sales will be collected in the month of...
-
In the past ten years Six Guys Burgers has expanded with more than 50 stores throughout New York City..Two of the company-operated units in Manhattan, East Side and West Side, are among the fastest...
-
Explore three multiple Internet sites for providers of home mortgages or consumer credit. create a mind map and analysis What are the terms of the mortgage or credit agreement? What are the...
-
The working population, knows very well that their energy to work is limited. To guard themselves against the eventuality, employers and employees save for old age where they contribute periodically....
-
Katsu, Inc. has a small car division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Responsibility Report Flexible Actual Budget...
-
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...
-
What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of a period?
-
Benoit Company produces three products, A, B, and C. Data concerning the three products follows (per unit): Demand for the companys products is very strong, with far more orders each month than the...
-
The Elberta Fruit Farm of Ontario has always hired transient workers to pick its annual cherry crop. Francie Wright, the farm manager, has just received information on a cherry picking machine that...
-
Question: Craigslist, Inc., runs a Web site for classified ads, including ads for the sale and rental of houses and apartments. Some of the posted ads were discriminatory (although not consistent),...
-
Question: Cruise.com operated a Web site selling cruise vacations. It sent unsolicited e-mail advertisements-dubbed "E-deals"-to prospective customers. Eleven of these "E-deals" went to...
-
Question: Jerry Falwell was a nationally known Baptist minister. You can read about him on falwell.com. You can read about his views on homosexuality at fallwell.com-a site critical of his views....
Study smarter with the SolutionInn App