A company makes a single product with the following data: $ $ Selling price 25 Material 5 Labour 7 Variable overhead 3 Fixed overhead 4 (19) 6 Profit per unit Budgeted output is 30,000 units. In relation to this data, which of the following statements is correct? O The margin of safety is 40% O The contribution to sales ratio is 24% O The volume of sales needed to make a profit of $270,000 is 45,000 units If budgeted sales increase to 40,000 units, budgeted profit will increase by $100,000