Pharoah Bucket Co., a manufacturer of rain barrels, had the following data for 2019.

Sales 2,460units

Sales price$70per unit

Variable costs$42per unit

Fixed costs$34,440

(a)

What is the contribution margin ratio?

Contribution margin ratio %

(b)

What is the break-even point in dollars?

Break-even point $

(c)

What is the margin of safety in dollars and as a ratio?

Margin of safety $

Margin of safety ratio %

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: $