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Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Question 12 Montreal Seating Co., a manufacturer of chairs, had the following
Montreal Seating Co., a manufacturer of chairs, had the following data for 2020:
Question 12 Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales Sales price Variable costs Fixed costs 3,120 units $50 per unit $23 per unit $46,440 Calculate the contribution margin ratio. Contribution margin ratio % LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the break-even point in dollars. Break-even $ LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the margin of safety in dollars. Margin of safety $ The company wishes to increase its total dollar contribution margin by 65% in 2021. Determine by how much it will need to increase its sales if all other factors remain constant. Increase sales by AStep by Step Solution
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