Exercise $6-8($Algo$)$ Compute the Margin of Safety $[$LO$6-7]$

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

$$27$

$$17$

$$8,400$

$990$

Required:

What is the company's margin of safety? $($Do not round intermediate calculations.$)$

What is the company's margin of safety as a percentage of its sales? $($Round your percentage answer to $2$ decimal places $($i$.$e$.\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

$\backslash$table$[[1.$ Margin of safety $($in dollars$),,],[2.$ Margin of safety percentage,,$\%$