Jeff Fargo owns Fargo Quick Lube and Oil. Jeff wants to know what his monthly break even sales are and what is Margin of Safety Ratio is. On average Fargo's Quick Lube performs 950 total services at an average cost of $50 each. Monthly Fixed costs are 11,200 Variable costs were 60% of sales 1 Calculate the contribution margin 2 Calculate the contribution margin ratio 3 Calculate the break even in units and in sales $ 4 Prepare a CVP Income Statement 5 Calculate the margin of safety 6 Comment on Fargo's profitability given the information that you have calculated?