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

Sales		2,040	units
Sales price		$40	per unit
Variable costs		$22	per unit
Fixed costs		$18,360

(a) What is the contribution margin ratio?

Contribution margin ratio

%

(b) What is the break-even point in dollars?

Break-even point

$

(c) What is the margin of safety in dollars and as a ratio?

Margin of safety		$
Margin of safety ratio			%

(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:

$