Chapter $6$ Homework $($i$)$

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

$2$ points

Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month

$$28$

$$15$

$$11,180$

$1,010$

Required:

What is the company's margin of safety? $($Do not round intermediate calculations.$)$

What is the company's margin of safety as a percentage of its sales? $($Round your percentage answer to $2$ decimal places $($i$.$e$.\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$

$\backslash$table$[[1.$ Margin of safety $($in dollars$),],[2.$ Margin of safety percentage,$\%$