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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 $27 per
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price $27 per unit Variable expenses $13 per unit Fixed expenses $11,200 per month Unit sales 950 units per month
1. Compute the companys margin of safety.
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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