The Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company's profits might be increased in the coming year. This problem asks you to use cost-volume-profit concepts to help Waterways understand contribution margins of some of its products and decide whether to massproduce any of them. Waterways markets a simple water control and timer that it mass-produces. Last year, the company sold 751,000 units at an average selling price of $4.90 per unit. The variable costs were $2,575,930, and the fixed costs were $772,779. (21) Your answer is correct. What is the product's contribution margin ratio? (Round ratio to 0 decimal places, e.g. 25\%.) Your answer is correct. What is the company's break-even point in units and in dollars for this product? Break-even point in units units Break-even point in dollars $ eTextbook and Media Attempts: 1 of 3 used (a3) Your answer is correct. What is the margin of safety, both in dollars and as a ratio? (Round ratio to 0 decimal places, e.g. 25\%.) Margin of safety in dollars $ Margin of safety ratio % If management wanted to increase its income from this product by 10%, how many additional units would have to be sold to reach this income level? Waterways would have to sell an additional units eTextbook and Media Attempts: 1 of 3 used (a5) The parts of this question must be completed in order. This part will be available when you complete the part above. (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. would have to be sold to reach this income level? Waterways would have to sell an additional units eTextbook and Media Attempts: 1 of 3 used (a5) The parts of this question must be completed in order. This part will be available when you complete the part above. (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2) The parts of this question must be completed in order. This part will be available when you complete the part above. The Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company's profits might be increased in the coming year. This problem asks you to use cost-volume-profit concepts to help Waterways understand contribution margins of some of its products and decide whether to massproduce any of them. Waterways markets a simple water control and timer that it mass-produces. Last year, the company sold 751,000 units at an average selling price of $4.90 per unit. The variable costs were $2,575,930, and the fixed costs were $772,779. (21) Your answer is correct. What is the product's contribution margin ratio? (Round ratio to 0 decimal places, e.g. 25\%.) Your answer is correct. What is the company's break-even point in units and in dollars for this product? Break-even point in units units Break-even point in dollars $ eTextbook and Media Attempts: 1 of 3 used (a3) Your answer is correct. What is the margin of safety, both in dollars and as a ratio? (Round ratio to 0 decimal places, e.g. 25\%.) Margin of safety in dollars $ Margin of safety ratio % If management wanted to increase its income from this product by 10%, how many additional units would have to be sold to reach this income level? Waterways would have to sell an additional units eTextbook and Media Attempts: 1 of 3 used (a5) The parts of this question must be completed in order. This part will be available when you complete the part above. (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. would have to be sold to reach this income level? Waterways would have to sell an additional units eTextbook and Media Attempts: 1 of 3 used (a5) The parts of this question must be completed in order. This part will be available when you complete the part above. (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2) The parts of this question must be completed in order. This part will be available when you complete the part above