Projecting Sales from Margin of Safery. The Black Company manufactures and sells a specialty perfume. The company budgets a margin of safety of 20 percent for next year. Fixed costs are budgeted at $270,000 annually. Variable costs are $6.60 per ounce. If the sales price per ounce is $12.00, what is the budgeted level of sales revenue for next year? (CMA adapted)