1. CVP Analysis; Break-even point, margin of safety: Davies’ Violins, Ltd, produces and sells a single product, violins, whose selling price is $325.00 per unit and whose variable cost is $98.00 per unit. The company's fixed expense is $47,300 per month. The current volume of sales is 350 violins per month.

1. Determine the monthly total contribution margin at the current volume of sales.
2. Determine the monthly net income (loss) at the current volume of sales.
3. Determine the monthly break-even point:

1. In units (round your answer up to the nearest whole unit)
2. In sales dollars (round your answer to the nearest cent (i.e. 2 decimal places)

4. What is the company’s margin of safety:
   1. In units
   2. In sales dollars