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Safety a. If Canace Company, with a break-even point at $697,200 of sales, has actual sales of $830,000, what is the margin of safety expressed

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Safety a. If Canace Company, with a break-even point at $697,200 of sales, has actual sales of $830,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number 1. 2. % b. If the margin of safety for Canace Company was 35%, fixed costs were $1,872,325, and variable costs were 65% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)

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