Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next mor Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $:28 5:18 $ 8,400 990 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.
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next mor Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $:28 5:18 $ 8,400 990 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
$ 28
$18
$ 8,400
990
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).)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8eb99b93-6bf1-4106-a8d4-5b21eb8bfb32%2F5f3fa0c1-5351-46d4-a05d-fa7b8a336ac7%2F7y94tus_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
$ 28
$18
$ 8,400
990
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).)
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