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what is the total increase in sales required? Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity 2,080
what is the total increase in sales required?
Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity 2,080 barrels Unit selling price $60 per barrel $42 per barrel Unit variable costs Fixed costs $18,720 (a) Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 30 % What is the break-even point in sales dollars? Break-even point $ 62,400 e Textbook and Media (c) Your answer is correct. What is the margin of safety in sales dollars and as a ratio? Margin of safety $ 62.400 Margin of safety ratio 50 % If the company wishes to increase its total dollar contribution margin by 30% in 2022, 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 Step by Step Solution
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