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Exercise 11-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,200 units Sales price $40 per unit Variable

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Exercise 11-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,200 units Sales price $40 per unit Variable costs $24 per unit Fixed costs $31,680 What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio What is the break even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.) Break-even point What is the margin of safety in dollars and as a ratio? (Round ratio to 2 decimal places, e.g. 12.25.) Margin of safety Margin of safety ratio- need to increase its sales d all other factors remain constant? (Round answer to 0 decimal pla If the company wishes to increase its total dollar contribution margin by 30% in 2017, by how much will e.g. 2,520.) Total increase in sales required

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