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 $ $23$

Variable expense per unit $ $15$

Fixed expense per month $ $7,120$

Unit sales per month $1,040$

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$.$