Contribution Margin Assignment | Top Universities

Manitoba Lounge Co., a manufacturer of Beds, had the following data for 2018:

Sales 2,750 Units
Sales Price $54 Per Unit
Variable Costs $37 Per Unit
Fixed Costs $25,000

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a. Calculate the contribution margin ratio.

b. Calculate the break-even point in dollars.

c. Calculate the margin of safety in dollars.

d. The company wishes to increase its total dollar contribution margin by 60% in 2018. Determine by how much it will need to increase its sales if all other factors remain constant.Get Accounting homework help today