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Required information The following information applies fo the questions displayed beiow] Monterey Co. makes and sells a single product. The current selling price is $14

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Required information The following information applies fo the questions displayed beiow] Monterey Co. makes and sells a single product. The current selling price is \$14 per unit. Variabio expenses are $8.4 per unit, and foxed expenses total \$26.840 per month. (Uniess otherwise stated, consider evch requirement separately) b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $81,100. (Do not round intermediate calculations. Round your percentage answer to 2 decimat places.)

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