Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget a

[answerhappygod]

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 $ 25 Variable expense per unit $ 17
Fixed expense per month $ 7,040 Unit sales per month 1,030
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).)