Required:Exercise $5-8($Algo$)$ Compute the Margin of Safety $[$LO$5-7]$

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

$$26$

$$16$

$$8,100$

$960$

Required:

What is the company's margin of safety? $($Do not round intermediate calculations.$)$

What is the company's margin of safety as a percentage of its sales? $($Round your percentage answer to $2$ decimal places $($i$.$e$.$

$\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

What is the overall contribution margin $($CM$)$ ratio for the company?

What is the company's overall break$-$even point in dollar sales?

Prepare a contribution format income statement at the company's break$-$even point that shows the appropriate levels of sales for

the two products.

Complete this question by entering your answers in the tabs below.

Prepare a contribution format income statement at the company's break$-$even point that shows the appropriate levels of sales

for the two products. $($Do not round intermediate calculations. Round your answers to the nearest dollar amount.$)$