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 mass-produce any of them. Waterways markets a simple water control and timer that it mass produces. Last year, the company sold 741.000 units at an average unit selling price of $4.90. The variable costs were $2,541,630, and the fixed costs were $762,489. (a1) Your answer is correct What is the product's contribution margin ratio? (Round ratio to O decimal places, e.g. 25%.) Contribution margin ratio 30 eTextbook and Media Attempts: unlimited What is the products contribution margin ratie? Round Fute O decimal places, s 250 Contribution marginate Textbook and Media What is the compan/break even point in unts and in dollars for this product? Brukeren point in units Break even point in dollars unita eTextbook and Media What is the margin of safety both indoor and naruti? Round rute to decimal por 3, 25%) Margine sate in collants Margin of betyrutie cebook und Media management worted to increase its income from this product by 2014. now many tional units would have to be sold to reach the income levert Waterway would have to sell an additional Unita Tebook and Media Web 49.000 unit and the cost behindert change how much will income increase on this product ory 5 Textbook and Media