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Blossom Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2.450 units $40 per unit Sales price Variable costs Fixed
Blossom Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2.450 units $40 per unit Sales price Variable costs Fixed costs $20 per unit $29,400 Your answer is correct (a) What is the contribution margin ratio? Contribution margin ratio 50 Your answer is correct. (b) What is the break-even point in dollars? Break-even point 58800 Your answer is correct. (c) What is the margin of safety in dollars and as a ratio? Margin of safety $ 39200 Margin of safety ratio 40 % (c) What is the margin of safety in dollars and as a ratio? Margin of safety $ 39200 Margin of safety ratio 40 % Your answer is incorrect. (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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