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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:

  1. What is the companys margin of safety?

Note: Do not round intermediate calculations.

  1. 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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