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

Sales2,770unitsSales price$30per unitVariable costs$18per unitFixed costs$16,620

What is the contribution margin ratio?

Contribution margin ratio

%

What is the break-even point in dollars?

Break-even point

$

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 required:

$