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I don't think I got the contribution margin ratio correct. Sunland Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales
I don't think I got the contribution margin ratio correct.
Sunland Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,120 units $50 per unit $33 per unit $16,695 What is the contribution margin ratio? Contribution margin ratio 34 % What is the break-even point in dollars? Break-even point 49102 What is the margin of safety in dollars and as a ratio? Margin of safety $ Margin of safety ratio % 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 requiredStep by Step Solution
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