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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 $ 28 Variable expense per unit $ 15 Fixed expense per month $ 10,400 Unit sales per month 950 Required: 1. What is the companys margin of safety? (Do not round intermediate calculations.) 2. What is the companys margin of safety as a percentage of its sales? (Round your percentage
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