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Hel 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

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Hel 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 $ 27 Variable expense per unit $ 14 Fixed expense per month $ 10,660 Unit sales per month 970 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. .1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage %

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