Exercise 5-17 (Part Level Submission) Ivanhoe Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs 2,260 units $45 per unit $27 per unit $20,340 Fixed costs (a) Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 40 Click if you would like to Show Work for this question: Open Show Work (b) Your answer is correct. What is the break-even point in dollars? Break-even point 50,850 Click if you would like to Show Work for this question: Open Show Work (c) What is the margin of safety in dollars and as a ratio? Margin of safety Margin of safety ratio Olo (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