Margin of safety a. If Kirwan Company, with a break-even point at $336,000 of sales, has...

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Margin of safety a. If Kirwan Company, with a break-even point at $336,000 of sales, has actual sales of $420,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? 1. $ 2. % b. If the margin of safety for Kirwan Company was 25%, fixed costs were $1,091,250, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) Margin of safety a. If Kirwan Company, with a break-even point at $336,000 of sales, has actual sales of $420,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? 1. $ 2. % b. If the margin of safety for Kirwan Company was 25%, fixed costs were $1,091,250, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)