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Blossom Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2000 unit Sales Price $30 per unit Variable costs $18

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

Sales 2000 unit
Sales Price $30 per unit
Variable costs $18 per unit
Fixed Costs $11520

A. What is the contribution margin ratio? Contribution margin ration: ______%

B. What is the break-even point in dollars? Brak-Even Point: $

C. What is the margin of safety in dollars and as a ratio? Margin of Safety: $ Margin of Safety: ___%

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 selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: $

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