Chapter 5 In-Class Case The Fashion Shoe Company operates a women's shoe shop that carries many styles of shoes that are sold at the same price. Sales personnel in the shop are paid a substantial commission on each pair of shoes sold (in addition to a small base salary) in order to encourage them to be aggressive in their sales efforts. Revenue and cost data for the shop are as follows: Per Pair of Shoes $30.00 Selling price Variable costs: Invoice cost Sales commission 13.50 4.50 $18.00 Total variable costs Annual Fixed costs: Advertising Rent Salaries S30,000 20,000 100,000 $150,000 Total Fixed Costs Calculate the break-even point in units (one unit is a pair of shoes). Using the contribution margin ratio, calculate the break-even point in sales dollars. Using the Contribution Income Statement format, determine the net operating income or loss if 12,000 pairs of shoes were sold