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6. acct Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price
6. acct
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 | $ | 26 |
Variable expense per unit | $ | 17 |
Fixed expense per month | $ | 7,200 |
Unit sales per month | 950 | |
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?
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