Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. ...
90.2K
Verified Solution
Link Copied!
Question
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?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.