Chapter 5 Graded Homework i Saved Help Save & Exit Submit 2 Exercise 5-8 (Algo) Compute the Margin of Safety [LO5-7] 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 2 Variable expense per unit $ 18 points Fixed expense per month $ 6,800 Unit sales per month 1, 000 Skipped 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).) Book 1. Margin of safety (in dollars) References 2. Margin of safety percentage %