Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2024: 2,200 barrels...

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Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2024: 2,200 barrels Sales quantity Unit selling price $75 per barrel Unit variable costs Fixed costs $45 per barrel $18,480 What is the contribution margin ratio? Contribution margin ratio (b) eTextbook and Media Your answer is correct. What is the break-even point in sales dollars? Break-even point $ EA 46200 40 % What is the margin of safety in sales dollars and as a ratio? Margin of safety 118800 Margin of safety ratio 72 eTextbook and Media do % Your answer is incorrect. If the company wishes to increase its total dollar contribution margin by 30% in 2025, by how much will it need to increase its sales dollars if all other factors (other than sales quantity) remain constant? Total increase in sales required $ Current Attempt in Progress Kenneth Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1.210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base salary, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising $300 per month Rent $1,040 per month Barber supplies $0.50 per haircut Utilities $155 per month plus $0.25 per haircut Magazines $15 per month Kenneth currently charges $15.00 per haircut. Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2024: 2,200 barrels Sales quantity Unit selling price $75 per barrel Unit variable costs Fixed costs $45 per barrel $18,480 What is the contribution margin ratio? Contribution margin ratio (b) eTextbook and Media Your answer is correct. What is the break-even point in sales dollars? Break-even point $ EA 46200 40 % What is the margin of safety in sales dollars and as a ratio? Margin of safety 118800 Margin of safety ratio 72 eTextbook and Media do % Your answer is incorrect. If the company wishes to increase its total dollar contribution margin by 30% in 2025, by how much will it need to increase its sales dollars if all other factors (other than sales quantity) remain constant? Total increase in sales required $ Current Attempt in Progress Kenneth Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1.210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base salary, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising $300 per month Rent $1,040 per month Barber supplies $0.50 per haircut Utilities $155 per month plus $0.25 per haircut Magazines $15 per month Kenneth currently charges $15.00 per haircut.