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Contribution margin ratio = (130-52)/130 = 60%
Break even point in dollars = Fixed cost/contribution margin ratio = 347100/0.60 = $578,500
Margin of safety = 5000*130 - 578500 = $71500
Margin of safety ratio = 71500/(5000*130) = 11%
Desired increase in contribution = 5000*130*60%*30% = $117000
Total increase in sales required = 117000/0.60 = $195000
Sheffield Co., a manufacturer of rain barrels, had the following data for 2016. Sales 5,000 units...
Exercise 19-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,500 units $40 per unit $26 per unit $19,600 What is the contribution margin ratio? (Round answer to o decimal places, e.g. 5,275.) Contribution margin ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.)...
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