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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price $25 per

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below:

Selling price

$25

per unit

Variable expenses

$18

per unit

Fixed expenses

$6,090

per month

Unit sales

1,020

units per month

Required:

1. Compute the companys margin of safety.

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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