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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 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 $ 24 Variable expense per unit $ 14 Fixed expense per month $ 9,000 Unit sales per month 1,050 Required: What is the companys margin of safety? Note: Do not round intermediate calculations. What is the companys margin of safety as a percentage of its sales? Note: Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34)
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