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