Western States had revenues of $450,000 in March. Fixed costs in Ma

Western States had revenues of $450,000 in March. Fixed costs in March were $273,360 and profit was $32,640. a. What was the contribution margin percentage?(Omit the "%" sign in your response.) b. What monthly sales volume (in dollars) would be needed to break-even?(Omit the "$" sign in your response.) c. What was the margin of safety for March?(Omit the "$" sign in your response.) Western States had revenues of $450,000 in March. Fixed costs in March were $273,360 and profit was $32,640. Solution a.What was the contribution margin percentage? 450,000 - 273,360- 30,000 = 144,000 variable costs 450,000 - 144,000 = 306,000 contribution margin 306,000 / 450,000 = 68% contribution margin percentage b.What monthly sales volume (in dollars) would be needed to break-even? Fixed costs / contribution margin percentage / 0.68 = $402,000 to break even. c.What was the margin of safety for March? Actual revenues - break-even revenues 450,000 - 402,000 = $48,000 margin of safety