D2) Contribution Margin The following information is supplied about one of the company's main products and management wants to analyse the contribution that this procudt is making to the overall profitability of the company. Sales for the previous Year 2,500 units Selling Price $ 50 per unit Variable Costs $ 10 per unit Fixed Costs $ 24,000 1 You are asked to determine the following: a) The Contribution Margin Ratio of the product 2 Marks b) The Break Even Point in dollars for the product 2 Marks c) The Margin of Safety in Units and Dollars 2 Marks d) If the company wishes to increase its total dollar contribution margin by 40% in the next year, by how much will sales need to be increased if all the other costs remain the same. 4 Marks