Heavener Company produces and sells storage sheds. Its current sales are $$500,000.$ The company's accountant provided the following cost information:

$\backslash$table$[[$Manufacturing costs,$$100,000+40\%$ of sales$],[$Selling costs,$$30,000+10\%$ of sales$],[$Administrative costs,$$45,000+10\%$ of sales$]]$

Required:

Compute the product's contribution margin ratio.

Compute the company's current net income.

Compute the product's break$-$even point in dollars.

Compute the amount of revenue necessary to earn $$60,000$ in profit.

Compute the company's current margin of safety ratio.

Should the company accept a proposal that increases sales by $20\%$ and total fixed costs by $25\%?$