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 months budget appear below: Selling price per unit $ 28 Variable expense per unit $ 15 Fixed expense per month $ 11,570 Unit sales per month 1,040 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? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)