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Please Answer Both Questions: Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below:
Please Answer Both Questions:
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month A A A 27 16 $ 8,910 960 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's 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).) 1. Margin of safety (in dollars) 2. Margin of safety percentage % Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (7,300 units) Variable expenses Contribution margin Fixed expenses Net operating income $365,000 262,800 102,200 87,400 $ 14,800 If the company sells 7,500 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice o $15,205 $17,600 O $14,800 O $24,800Step by Step Solution
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