Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. ...
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Accounting
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016.
Sales
2,090
units
Sales price
$55
per unit
Variable costs
$33
per unit
Fixed costs
$22,990
What is the contribution margin ratio?
AND
What is the break-even point in dollars?
AND
What is the margin of safety in dollars and as a ratio?
AND
If the company wishes to increase its total dollar contribution margin by 30% in 2017, 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?
Answer & Explanation
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