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Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Carla Vista Bucket Co., a manufacturer of rain barrels, had
Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019.
Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,330 units $70 per unit $42 per unit $32,620 (a) Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 40 eTextbook and Media Attempts: 1 of 5 used (b) Your answer is correct. What is the break-even point in dollars? Break-even point $ 81550 What is the margin of safety in dollars and as a ratio? Margin of safety $ $ 81550 Margin of safety ratio 50 % eTextbook and Media Attempts: 1 of 5 used (d) Your answer is incorrect 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: $Step by Step Solution
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