Question
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
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 | $ 30 |
|---|---|
| Variable expense per unit | $ 17 |
| Fixed expense per month | $ 10,660 |
| Unit sales per month | 970 |
The company's margin of safety in dollars is $4,500
What is the companys margin of safety as a percentage of its sales?
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Research Methods And Audit For General Practice
Authors: David Armstrong, John Grace
3rd Edition
0192631918, 978-0192631916
