Margin of Safety Comer Company produces and selle strings of colorful indoor/outdoor lights for holiday display to retailers for $19.06 per string. The variable contes per string are as follows: Direct materials $1.87 Direct labor 1.70 Variable factory overhead Variable selling expense Fixed manufacturing cost totals $596,600 per year. Administrative cost (all fixed) totals $439,850. Comer expects to seit 197,300 strings of light next 0.52 0.42 year. Required: 1. Calculate the break even point in units units 2. Calculate the margin of safety in units units 3. Calculate the margin of safety in dollars. $ 4. Conceptual Connection: Suppose Comer actually experiences a price decrease next year while all other costs and the number of units sold remain the same. Would this increase or decrease risk for the company? (Hint: Consider what would happen to the number of break-even units and to the Previous Next