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Exercise 5-8 (Algo) Compute the Margin of Safety [LO5-7) Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the

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Exercise 5-8 (Algo) Compute the Margin of Safety [LO5-7) 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 $ 25 Variable expense per unit $. 15 Fixed expense per month $ 8,700 Unit salen per month 1,020 Required: 1. What is the company's margin of safety? (Do not round Intermediate calculations.) 2. Who is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (.e. 1234 should be entered as 12.34).) 1. Margin of safety in dollars) 2. Margin of safety percentage %

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