Montreal Seating Co., a manufacturer of chairs, had the following data for 2020:

Sales 2,950units

Sales price $60per unit

Variable costs $30per unit

Fixed costs $36,000

Calculate the contribution margin ratio.

Contribution margin ratio

%

Calculate the break-even point in dollars.

Break-even point$

Calculate the margin of safety in dollars.

Margin of safety$

The company wishes to increase its total dollar contribution margin by59% in 2021. Determine by how much it will need to increase its sales if all other factors remain constant.

Increase sales by$