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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 per

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 $ 23
Variable expense per unit $ 16
Fixed expense per month $ 6,230
Unit sales per month 1,040
Required:
1. What is the companys margin of safety? (Do not round intermediate calculations.)
2. What is the companys margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e..1234 should be entered as 12.34).)

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