> Content *CengageNOWv2 | Online teachin x + v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Ch 20 homework eBook Show Me How - Margin of Safety a. If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000, 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. 240,000 2. 20 % b. If the margin of safety for Canace Company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) Feedback Check My Work Check My Work Previous Next Assignment Score: 41.67% All work saved. Save and Exit Submit Assignment for Grading 83F Partly cloudy 11:08 PM 7/22/2022 16