Contribution Margin Concepts The following information is taken from the 2017 records of Hendrix's Guitar Center. Fixed Variable Total Sales Costs $1,500,000 Goods sold 675,000 Labor $320,000 120,000 Supplies 4,000 10,000 Utilities 24,000 26,000 Rent 48,000 0 Advertising 12,000 49,000 Miscellaneous 12,000 20,000 Total costs $420,000 $900,000 (1,320,000) Net income $ 180,000 Required (a.) Determine the annual break-even dollar sales volume. Contribution margin ratio: Annual break-even dollar sales volumes: $ (b.) Determine the current margin of safety in dollars. $ (c.) What is the annual break-even dollar sales volume if management makes a decision that increases fixed costs by $60,000? $