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Exercise 11-17 Riverbed Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,500 units Sales price $120 per unit Variable costs
Exercise 11-17 Riverbed Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,500 units Sales price $120 per unit Variable costs $42 per unit Fixed costs $169,650 What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT 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 % LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS 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? (Round answer to o decimal places, e.g. 2,520.) Total increase in sales required
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