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What is the contribution margin ratio? Contribution margin ratio     %         What is the break-even point in dollars?  Break-even point   $           What is the margin of safety in dollars and as a ratio?  Margin of safety   $     Margin of safety ratio     %

What is the contribution margin ratio? Contribution margin ratio     %         What is the break-even point in dollars?  Break-even point   $           What is the margin of safety in dollars and as a ratio?  Margin of safety   $     Margin of safety ratio     %

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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please give answers all part i need all 

 

Exercises

Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019.
Sales   2,960 units
Sales price   $60 per unit
Variable costs   $42 per unit
Fixed costs   $26,640  
 
 
 
 
What is the contribution margin ratio?
Contribution margin ratio  

 

 %
 
 
 
 
What is the break-even point in dollars? 
Break-even point   $

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

 

  
Margin of safety ratio  

 

 %
 
 
 
 
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:   $

 
 
 
 
 
 
 
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