Gold corporation produces two separate types of widgets -advanced and standard. Cost and pricing info is presented below. Use the cost and price info to complete the question. Sales price: standard 75 advanced 130 Variable costs per unit standard 42 advanced 68 Fixed costs for year 750,000 Now assume that gold Corp expects to sell 16000 standard widgets and 4000 advanced widgets during the year ( using for every 5 units sold 4 are standard and 1 is advanced cost structure). Calculate the margin in safety of dollars based off these expectations. Make sure to show all work and explain the concept of margin of safety ( what it id, why it is used, and how it impacts a business decision)