Exercise $6-7($Algo$)$ Target Profit Analysis $[$L$06-6]$

Lin Corporation has a single product whose selling price is $$134$ per unit and whose variable expense is $$67$ per unit. The company's monthly fixed expense is $$31,750.$

Required:

Calculate the unit sales needed to attain a target profit of $$8,450.($Do not round intermediate calculations.$)$

Calculate the dollar sales needed to attain a target profit of $$9,700.($Round your intermediate calculations to the nearest whole number.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[1.$ Units sales to attain target profit,$600,$units$],[2.$ Dollar sales to attain target profit,$$,80,366,]]$

Exercise $6-8($Algo$)$ Compute the Margin of Safety $[$L$06-7]$

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

Variable expense per unit

Fixed expense per month

Unit sales per month

$$25$

$$17$

$$6,720$

$990$

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 $12\mathrm{.}34).)$

Answer is complete but not entirely correct.

$\backslash$table$[[1.$ Margin of safety $($in dollars$),$$$18,030,],[2.$ Margin of safety percentage,$72\mathrm{.}73x,\%$