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Please help! Due tonight. a) What is the contribution ratio? (Round answer to 0 decimal places, e.g. 5,275.) b) What is the break-even point in
Please help! Due tonight.
Exercise 18-17 (Part Level Submission) Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,120 units $50 per unit $33 per unit $16,218 a) What is the contribution ratio? (Round answer to 0 decimal places, e.g. 5,275.)
b) What is the break-even point in dollars? (Round intermediate calculations and final answers to 0 decimal places, e.g. 5,275.)
c) What is the margin safety in dollars and as a ratio? (Round ratio to 2 decimal places, e.g. 12.25.)
d) If the company wants to increase its total dollar contribution margin by 30% in 2017, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain consistant? (Round answer to 0 decimal places, e.g. 2,520.)
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