a. If Canace Company, with a break-even point at $372,600 of sales, has actual sales of $460,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number.

1. $_________

2.__________ %

b. If the margin of safety for Canace Company was 20%, fixed costs were $913,600, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? $____________________