14.)

a. If Canace Company, with a break-even point at $537,200 of sales, has actual sales of $790,000, what is the margin of safety expressed (1) in doliars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. 1 2. b. If the margin of safety for Canace Company was 35%, flxed costs were $1,326,325, and variable costs were 65% of sales, what was the amount of actival sales (doliars)? (Hint: Determine the break-even in sales dollars first.)