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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 | $ 26 |
---|---|
Variable expense per unit | $ 15 |
Fixed expense per month | $ 9,680 |
Unit sales per month | 1,030 |
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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