! -- Required information Problem 12-25 (Algo) CVP analysis-what-if questions; breakeven LO 7, 8, 9, 10 [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 $33,360 per month. (Unless otherwise stated, consider each requirement separately.) Problem 12-25 (Algo) Part b b. Calculate the margin of safety and the margin of safety ratio. Assume current sales are $100,400. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) Margin of safety Margin of safety of ratio %