! Required information [The following information applies to the questions displayed below.] Monterey Co. makes and sells a single product. The current selling price is $16 per unit. Variable expenses are $9.6 per unit, and fixed expenses total $34,960 per month. (Unless otherwise stated, consider each requirement separately.) Required: a. Calculate the breakeven point expressed in terms of total sales dollars and sales volume. (Do not round intermediate calculations.) Breakeven sales Breakeven volume units b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $103,400. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) Margin of safety Margin of safety of ratio