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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: Required: 1. What is

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 $ 24 Variable expense per unit$ 17 Fixed expense per month $6,090 Unit sales per month 1,020

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?
 

$24 Selling price per unit Variable expense per unit$ Fixed expense per month $6,090 17 Unit sales per month 1,020

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