Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to O decimal places, e.g. 20.) Variable costs per unit Contribution margin ratio LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Compute the increase in fixed costs for 2020. Increase in fixed cost T 128700 Sunland Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,850 units $60 per unit $42 per unit $17,955 Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 1 30% LINK TO TEXT LINK TO TEXT LINK TO TEXT x your answer is incorrect. Try again. What is the break-even point in dollars? Break-even point T 59983 x Your answer is incorrect. Try again. What is the margin of safety in dollars and as a ratio? Margin of safety Margin of safety ratio T x Your answer is incorrect. Try again. 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