Return to question 2 Required information [The following information applies to the questions displayed below) Monterey Co. makes and sells a single product. The current selling price is $17 per unit. Variable expenses are $10.2 per unit, and fixed expenses total $36,340 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.) Answer is complete but not entirely correct. Breakeven sales Breakeven volume $ 77.100 5,507 3 units b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $107,850. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) Answer is complete but not entirely correct. Margin of safety Margin of safety of ratio $ 14,000 3 15,37 %