1 Ivanhoe Bucket Co , a manufacturer of rain barrels, had the following data for 2019 Sales 2,260 units Sales price $45 per unit Variable costs $27 per unit Fixed costs $20,340 What is the contribution margin ratio work out problem step by step (write what to do step by step and why)

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1. Ivanhoe Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,260 units Sales price $45 per unit Variable costs

1. Ivanhoe Bucket Co., a manufacturer of rain barrels, had the following data for 2019.

Sales	2,260	units
Sales price	$45	per unit
Variable costs	$27	per unit
Fixed costs	$20,340

What is the contribution margin ratio? work out problem step by step. (write what to do step by step and why)

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