Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2019:

Sales ...............................   2,500 units
Sales price .....................      $40 per unit
Variable costs ...............      $24 per unit
Fixed costs ....................      $19,500

Instructions

a. What is the contribution margin ratio? 

b. What is the break-even point in dollars?

c. What is the margin of safety in dollars and as a ratio?

d. If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if all other factors remain constant?