(Answered) Molander corporation is a distributor of a sun umbrella

Accounting

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

Selling price	$25	per unit
Variable expenses	$18	per unit
Fixed expenses	$6,090	per month
Unit sales	1,020	units per month

Required:

1. Compute the company's margin of safety.

2. Compute 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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