Contribution Margin Concepts The following information is taken from the 2017 records of Hendrix's Guitar Center. Fixed Variable Total Sales $750,000 Costs Goods sold Labor Supplies Utilities Rent Advertising Miscellaneous $337,500 $160,000 60,000 2,000 5,000 12,000 13,000 24,000 6,000 24,500 6,000 10,000 $210,000 $450,000 (660,000) Total costs Net income $90,000 Required (a.) Determine the annual break-even dollar sales volume Contribution margin ratio:0 Annual break-even dollar sales volumes: $ 600,000 X