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ABC Bucket Co., a manufacturer of rain barrels, had the following data for 2020: Sales 3,000 units Sales Price $50 per unit Variable Costs $40

ABC Bucket Co., a manufacturer of rain barrels, had the following data for 2020:

Sales 3,000 units

Sales Price $50 per unit

Variable Costs $40 per unit

Fixed Costs $25,000

A) what is the contribution margin and contribution ratio?

B) what is the break-even point in dollars?

C) what is the margin of safety in dollars as a ratio?

D) If the company wishes to make $50,000 targeted income in 2021, by how much will the total sales?

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