Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next
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Question:
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: |
Selling price | $28 | per unit | |
Variable expenses | $18 | per unit | |
Fixed expenses | $8,700 | per month | |
Unit sales | 1,020 | units per month | |
Required: | |
1. | Compute the companys margin of safety. (Do not round intermediate calculations.) |
2. | Compute 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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