Abraham Company had revenues of $830,000 last year with total variable costs of $647,400 and fixed costs of $110,000.

Required:

1. What is the variable cost ratio for Abraham? fill in the blank 1 of 7 %

What is the contribution margin ratio? fill in the blank 2 of 7 %

2. What is the break-even point in sales revenue? fill in the blank 3 of 7$

3. What was the margin of safety for Abraham last year? fill in the blank 4 of 7$