Fine Life company sells gloves for $30 per pair. The fixed costs are $120,000 and variable costs are 30% of the selling price. The company wants to have a minimum net income of $60,000. What is the minimum level of sales dollars that will allow the company to achieve its goal?

For Harvest Company the following monthly data is available which produces only one product: Selling price per unit, $42; Unit Variable expenses, $14; Total fixed expenses, $42,000; actual sales for the month of July 4,000 units. How much is the margin of safety for the company for July?