a. If Canace Company, with a break-even point at $278,400 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage o sales? Round the percentage to the nearest whole number. 1. \$ 2. % b. If the margin of safety for Canace Company was 35%, fixed costs were $1,699,425, and variable costs were 65% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) $ Feedback Check My Work a. (Sales minus sales at break-even) divided by sales equals margin of safety. of safety