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

Finance

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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$26

Variable expense per unit$15

Fixed expense per month$9,570

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? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)