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Margin of Safety a. If Canace Company, with a break even point at $403,200 of sales, has actual sales of $560,000, what is the margin

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Margin of Safety a. If Canace Company, with a break even point at $403,200 of sales, has actual sales of $560,000, 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. S 2. 90 b. If the margin of salety for Canace Company was 45%, fixed costs were $1,621,125, and variable costs were 55% of sales, what was the amount of actual sales (dollars) (Hint: Determine the break-even in sales dollars first.)

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