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Exercise 6-8 Compute the Margin of Safety (L06-7] Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next

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Exercise 6-8 Compute the Margin of Safety (L06-7] 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 $ 26 5 15 $ 9, 680 1.030 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 (.e. 0.1234 should be entered as 12.34).) 1. Margin of safety in dollars) 2 Margin of salety percentage 95

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