1. Using the IMA Statement of Ethical Professional Practice as an ethical framework, answer the following questions: a. What is (are) the ethical issue(s) in this situation? b. What are Collin Hoffman's responsibilities as a management accountant? c. What are John Wallace's responsibilities as a management accountant? d. What are Meghan Peyton's responsibilities as a management accountant? 2. What would be the impact on breakeven sales from failing to include the fixed monthly salaries? Would the breakeven using the erroneous data be lower or higher than the correct breakeven (the breakeven calculation including the monthly sala- ries)? Do you think this error would be likely to influence the decision of whether to proceed with the new sales commission proposal? 3. Discuss the specific steps Collin should take to resolve the situation. Refer to the IMA Statement of Ethical Professional Practice in your response.

1. Using the IMA Statement of Ethical Professional Practice as an ethical framework, answer the following questions: a. What is (are) the ethical issue(s) in this situation? b. What are Collin Hoffman's responsibilities as a management accountant? c. What are John Wallace's responsibilities as a management accountant? d. What are Meghan Peyton's responsibilities as a management accountant? 2. What would be the impact on breakeven sales from failing to include the fixed monthly salaries? Would the breakeven using the erroneous data be lower or higher than the correct breakeven (the breakeven calculation including the monthly salaries)? Do you think this error would be likely to influence the decision of whether to proceed with the new sales commission proposal? 3. Discuss the specific steps Collin should take to resolve the situation. Refer to the IMA Statement of Ethical Professional Practice in your response. 1. Using the IMA Statement of Ethical Professional Practice as an ethical framework, answer the following questions: a. What is (are) the ethical issue(s) in this situation? b. What are Collin Hoffman's responsibilities as a management accountant? c. What are John Wallace's responsibilities as a management accountant? d. What are Meghan Peyton's responsibilities as a management accountant? 2. What would be the impact on breakeven sales from failing to include the fixed monthly salaries? Would the breakeven using the erroneous data be lower or higher than the correct breakeven (the breakeven calculation including the monthly salaries)? Do you think this error would be likely to influence the decision of whether to proceed with the new sales commission proposal? 3. Discuss the specific steps Collin should take to resolve the situation. Refer to the IMA Statement of Ethical Professional Practice in your response