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QUESTION 1 I have read the above instructions carefully and agree to abide by the honesty statement. I understand that any violation of this honesty statement will cause me to be subject to disciplinary action by the college. Click "True" below to agree to this. True False QUESTION 2 Use the following information to answer questions 2-5: Clunker Clockworks, Inc. is world famous for its precision pendulum wall clocks. The company has estimated that variable manufacturing costs will be $90 per unit. The company is expecting fixed manufacturing costs to total $105,350. The anticipated selling price of each clock is $580. Compute (a) the breakeven point in units (b) the breakeven point in sales dollars and (c) the breakeven point in units if the variable manufacturing costs per unit increase by $7.00 and desired net income is $20,000. Round your answer to the nearest whole unit and nearest dollar Show all of your calculations below and put your answers in the blanks provided. You may not be given credit for answers with no supporting calculations or answers that contradict a calculation. Question 1: Calculate the breakeven point in units. a. 260 ob 215 c. 580 d. None of the above QUESTION 3 What is the breakeven point in sales dollars? a $150.800 b. $212,000 c. $124,700 d. None of the above QUESTION 4 What is the breakeven point in units with the changes notes in (c)? a. 260 b. 215 c. 225 d. None of the above QUESTION 5 Would the breakeven point increase or decrease if the selling price per unit decreased? a. Increase b. Decrease QUESTION 6 The next five questions are about the 5 lines and points on the breakeven graph: Question 6 True or false? The sales line starts at the origin (0.0) and slopes upward to the right. a. True b. False QUESTION 7 The fixed cost line is a. Sloped upward to the left b. Sloped upward to the right c. Flat a parallel to the Y axis d. Flat and parallel to the X axis