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Contribution margin ratio: 40% Break-even point: $28800 Margin of safety: $31200 Margin of safety ratio: 52% Blossom Bucket Co., a manufacturer of rain barrels, had
Contribution margin ratio: 40%
Break-even point: $28800
Margin of safety: $31200
Margin of safety ratio: 52%
Blossom Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,000 units Sales price $30 per unit Variable costs $18 per unit Fixed costs $11,520 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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