Determine contribution margin ratio, break-even point in dollars, and margin of safety (LO 3, 4, 5), AP ES-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016: Sales Sales price Variable costs Fixed costs 2,500 units $40 per unit $24 per unit $19,500 Instructions (a) What is the contribution margin ratio? (b) What is the break-even point in dollars? (c) What is the margin of safety in dollars and as a ratio? (d) If the company wishes to increase its total dollar contribution margin by 30% in 2017, by how much will it need to increase its sales if all other factors remain constant? (CGA adapted)