Question: Chapter 5 - Homework 2 - Algorithmic Seved Help Save & Exit Submit Check my work 2 Exercise 5-8 (Algo) Compute the Margin of Safety

Chapter 5 - Homework 2 - Algorithmic Seved Help Save &

Chapter 5 - Homework 2 - Algorithmic Seved Help Save & Exit Submit Check my work 2 Exercise 5-8 (Algo) Compute the Margin of Safety (LO5-7] 30 points 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 $ 13 $13,350 1,040 eBook Hint 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).) Print 1. Margin of safety (in dollars) 2. Margin of safety percentage References

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