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Computing the Margin of Safety [ [OO2 - CC8] Molly Sea Jackets sells a safety jacket used for cruises. Data concerning the next month's budget

image text in transcribed Computing the Margin of Safety [ [OO2 - CC8] Molly Sea Jackets sells a safety jacket used for cruises. Data concerning the next month's budget are given below: \begin{tabular}{lr} Selling price & $40 per unit \\ Variable expense & $25 per unit \\ Fixed expense & $30,000 per month \\ Sales & $96,000 per month \end{tabular} Required: 1. Compute the company's margin of safety in units and dollars. 2. Compute the company's margin of safety as a percentage of its sales

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