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

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Exercise 5-8 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 Variable expense per unit Fixed expense per month Unit sales per month $ 29 5 16 $ 11,440 1,830 Required: 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. Margn of safety (in dollars) 2 Margin of safety percentage

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