Required information [The following information applies to the questions displayed below.) Monterey Co. makes and sells a single product. The current selling price is $14 per unit. Variable expenses are $8.4 per unit, and fixed expenses total $30,560 per month. (Unless otherwise stated, consider each requirement separately.) b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $90,400. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) Margin of safety Margin of safety of ratio %