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The following information is taken from the 2017 records of Hadley Inc. Total Sales 550,000 Costs Goods Sold 295,000 Annual salary for VP of HR

The following information is taken from the 2017 records of Hadley Inc. Total Sales 550,000 Costs Goods Sold 295,000 Annual salary for VP of HR 120,000 Production Supplies 5,000 Depreciation (Straight Line) 15,000 Property Taxes 27,500 Production Commissions 8,000 Total Costs (470,500) Net Income 79,500 Round all answers UP to nearest dollar 1. Determine the total fixed and variable costs 2. Determine the annual break-even dollar sales volume 3. Determine the current margin of safety in dollars

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