Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

Sales $75,000

Variable expenses 45,000

Contribution margin 30,000

Fixed expenses 22,800

Net operating income $7,200

What is the margin of safety in dollars? What is the margin of safety percentage?

Margin of safety in dollars

Margin of safety percentage %