100,00 $ 0.25 5 0.40 Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable number of customers. Data from the most recent period concerning these products appear below Velcro Metal Nylon "Annual sales volume 201,600 403,200 Unit selling price $ 1.65 $1.50 $ 0.25 Variable expense per unit $1.25 $ 0.0 Contribution margin per unit $ 0.80 $ 0.60 Total fixed expenses are $403,200 per period of the total fixed expenses, $20,000 could be avoided if the Velcro product is dropped $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixed expenses of $243,200 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely The company's managers would like to compute the break-even point in dollar sales for the company as a whole, and the break-even point in unit sales for each product. They are considering two methods for computing each product's break-even point unit sales Method #include each product's traceable fixed costs and an allocated share of the common fixed costs in the numerator of each break-even calculation. The common fixed costs would be allocated to the three products using sales dollars as the allocation base Method #2 Only include each product's traceable fixed costs in the numerator of each break-even calculation Required: 1. Using data from the most recent period, prepare a contribution format segmented income statement 2. What is the company's overall break-even point in dollar sales? 3a Calculate the break-even point in unit sales for each product using method 1 36. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the company using method 1? 4a. Calculate the break-even point in unit sales for each product using method 2 46. If the company sells exactly the break even quantity of each product. What will be the overall profit for the company using method 27 5 Which method should the company use to calculate each product's break-even point in unit sales? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg sa and 3b Reg 4a and 46 Reg 5 Using data from the most recent period, prepare a contribution format segmented income statement Piedmont Fasteners Corporation Contribution Format Income Statement Velcro Metal Nylon Total Sales 166,320 $ 302.4001 s 342 720 $ 811.440 Variable expenses 126,000 141 120 100 800 367 920 Contribution margin 40.320 161.280 241.920 443 520 Traceable fixed expenses 20.000 80,000 60.000 160.000 Segment margin $ 20 3205 81.280 $ 181920 283 520 Common fixed expenses 243.2001 Net operating income S 40 320 he Req 2 > Complete this question by entering your answers in the tobs below. v Req Reg 2 Re Ja and 3b Req 4a and 46 Reg 5 What is the company's over all break even point in dollar sales? (Round your intermediate calculations to 4 decimal places and final answer to the nearest whole number) Overall break even point $ 737 786 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3a and 3b Reg 4a and 45 Reg 5 3a. Calculate the break even point in unit sales for each product using method 1. (Do not round intermediate calculations and final answers to the nearest whole number) 2b. If the company sells exactly the break even quantity of each product what will be the overall profit for the company using method 17 Show less 3a. Velcro's Break-even point in units 3a Metal's Break-even point in units 3a. Nylon's Break-even point in units 36. Overall profit loss) Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3a and 36 Reg 4a and 2 Reg 5 4a. Calculate the break-even point in unit sales for each product using method 2. 4b. If the company sells exactly the break-even quantity of each product what will be the overall profit for the company using method 2? 4a Velcro's Break-even point in units 4a Metal's Break even point in nits 4a Nylon's Break-even point in units 4bOverall profit (loss) Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3a and 3b Reg 4a and 4 Reg 5 Which method should the company use to calculate each product's break-even point in unit sales? Method 1 Method 2