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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price $25 per
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: |
Selling price | $25 | per unit |
Variable expenses | $8.75 | per unit |
Fixed expenses | $13,162 | per month |
Unit sales | 960 | units per month |
|
Requirement 1: |
Compute the company's margin of safety.(Do not round intermediate calculations. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) |
Margin of safety | $ |
Requirement 2: | |
Compute the company's margin of safety as a percentage of its sales.(Round your intermediate calculations to the nearest dollar amount. Round your answer to the nearest whole percent. Omit the "%" sign in your response.) |
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