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

Sales quantity

$2,080$ barrels

Unit selling price

$$60$ perbarrel

Unit variable costs

$$42$ per barrel

Fixed costs

$$18,720$

$($a$)$

Your answer is correct.

What is the contribution margin ratio?

Contribution margin ratio

$\%$

What is the margin of safety in sales dollars and as a ratio?

Margin of safety

Margin of safety ratio

$

$4$

$\%$

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Attempts: $1$ of $3$ used

$($d$)$

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

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