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 = $15
Fixed expense per month = $7,290
Unit sales per month = 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. 0.1234 should be entered as 12.34).)
1. Margin of safety (in dollars)______
2 Margin of safety percentage______%