Question: Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales 3,200 units Sales price $60 per unit Variable costs $30 per

Montreal Seating Co., a manufacturer of chairs, had the following data for 2020:

Sales 3,200 units
Sales price $60 per unit
Variable costs $30 per unit
Fixed costs $49,500

-Calculate the contribution margin ratio.(%)

-Calculate the break-even point in dollars.

-Calculate the margin of safety in dollars.

-The company wishes to increase its total dollar contribution margin by 56% in 2021. Determine by how much it will need to increase its sales if all other factors remain constant.

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