Daley Co. manufactures computer monitors. Following is a summary of its basic cost and revenue data: 
Assume that Daley Co. is currently selling 700 computer monitors per month. Fixed costs are expected to be $96,000.
Required: Calculate Daley Co.'s margin of safety ratio (MOS%) if 700 units are sold. Round your answer to 2 decimal places, e.g., 0.1234 would be 12.34%.
Definitions:
Variable Costs
Spendings that move in tandem with the level of output or number of sales.
Sales Dollars
The total revenue generated from the sale of goods or services before any expenses are deducted.
Break-Even Point
The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.
Contribution Margin
The difference between sales revenue and variable costs, which contributes towards covering fixed costs and earning profit.
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