Molander Corporation is a distributor of a sun umbrella used at resort hotels Da

Question

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 30 S15 $12,900 1,010 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 14.85 %

Explanation / Answer

Working:

1) Margin of safety (in dollars) $ 4,500 2) Margin of safety percentage 14.85%

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