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What is company margin of safety for molander corporation

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Reference no: EM133006561

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 $ 16
Fixed expense per month $ 6,960
Unit sales per month 1,020

Required:

Problem 1. What is the company's margin of safety? (Do not round intermediate calculations.)

Problem 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).)

Reference no: EM133006561

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