Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below:

Selling price per unit $ 24 Variable expense per unit $ 16 Fixed expense per month $ 6,960 Unit sales per month 1,020

Required:

1. What is the company's margin of safety? (Do not round intermediate calculations.)

2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)