Oriole Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales...

 

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Oriole Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,940 units $50 per unit $40 per unit (b) $11,760 (a) What is the contribution margin ratio? Contribution margin ratio (b) What is the break-even point in dollars? Break-even point $ (c) What is the margin of safety in dollars and as a ratio? Margin of safety Margin of safety ratio $ % (d) If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: $ Oriole Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,940 units $50 per unit $40 per unit (b) $11,760 (a) What is the contribution margin ratio? Contribution margin ratio (b) What is the break-even point in dollars? Break-even point $ (c) What is the margin of safety in dollars and as a ratio? Margin of safety Margin of safety ratio $ % (d) If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: $