2. Determine the number of rattles the company would need to sell in 2023 in order to break-even, assuming ne changess to selling price or costs. Please show your work and round to the nearest next whole unit. 3. Assuming the selling price and cost changes in the Marketing Plan are adopted, prepare a CVP Income Statement for 2024, assuming sales and production increase by 20% as outlined in the Marketing Plan. Child's Play Company CVP Income Statement 4. Assuming the selling price and cost changes in the Marketing Plan are adopted, determine the number of rattles the company would need to sell in 2024 in order to break-even. Please show your work and round to the nearest next whole unit. 5. Assuming the selling price and cost changes in the Marketing Plan are adopted, determine the number of rattles the company would need to sell in 2024 in order to earn $300,000 in profit. Please show your work and round to the nearest next whole unit. Child's Play has been approached by the government, which is seeking to buy 75,000 rattles for its day care centers in 2024 . The proposed jovernment contract states that the government would pay Child's Play a price of $9.00 per rattle. If Child's Play decides to accept this special order, they would avoid packaging costs for this contract as well as all variable selling and administrative costs. The company's capacity is limited to only 150,000 units. If they accept the government contract, they will need to increase their capacity by enting an additional machine. Refer to the "Instructions" tab for the company's estimated cost data and additional machine rental cost. Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2023, Diana Suarez, the president of the company, was considering an alternative marketing plan for 2024 that was presented to her by Bill Duffy, the marketing manager. Based on sales from January through October 2023, Diana expected that 2024 sales would amount to 100,000 units. Bill's alternative marketing plan is presented below: 2024 Marketing Plan: "At the present time, we sell the product to retailers for $15.00 per rattle. Retailers generally charge the consumers between $16 and $16.50. If we cut our selling price to retailers to $14.00, I expect that the product will do much better. The retailers' increased markup will give them the incentive to display our product more prominently and to promote it more vigorously to customers. We should support this strategy by supplying more promotional materials to retailers, which I expect would be an increase of $2,000 in Advertising and Promotion costs. Based on the price cut and the increase in advertising and promotion, I expect that we will be able to boost our sales volume by 20 percent to 120,000 units in 2024 ." Diana received cost data from the company's CFO, Don Capp. Don expects that the cost data below are also reliable estimates for 2024 for a production volume up to 150,000 units. Beyond 150,000 units, the company would have to rent additional machines (with a capacity of 50,000 units each), which would increase fixed manufacturing overhead costs by $20,000 per machine. 2. Determine the number of rattles the company would need to sell in 2023 in order to break-even, assuming ne changess to selling price or costs. Please show your work and round to the nearest next whole unit. 3. Assuming the selling price and cost changes in the Marketing Plan are adopted, prepare a CVP Income Statement for 2024, assuming sales and production increase by 20% as outlined in the Marketing Plan. Child's Play Company CVP Income Statement 4. Assuming the selling price and cost changes in the Marketing Plan are adopted, determine the number of rattles the company would need to sell in 2024 in order to break-even. Please show your work and round to the nearest next whole unit. 5. Assuming the selling price and cost changes in the Marketing Plan are adopted, determine the number of rattles the company would need to sell in 2024 in order to earn $300,000 in profit. Please show your work and round to the nearest next whole unit. Child's Play has been approached by the government, which is seeking to buy 75,000 rattles for its day care centers in 2024 . The proposed jovernment contract states that the government would pay Child's Play a price of $9.00 per rattle. If Child's Play decides to accept this special order, they would avoid packaging costs for this contract as well as all variable selling and administrative costs. The company's capacity is limited to only 150,000 units. If they accept the government contract, they will need to increase their capacity by enting an additional machine. Refer to the "Instructions" tab for the company's estimated cost data and additional machine rental cost. Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2023, Diana Suarez, the president of the company, was considering an alternative marketing plan for 2024 that was presented to her by Bill Duffy, the marketing manager. Based on sales from January through October 2023, Diana expected that 2024 sales would amount to 100,000 units. Bill's alternative marketing plan is presented below: 2024 Marketing Plan: "At the present time, we sell the product to retailers for $15.00 per rattle. Retailers generally charge the consumers between $16 and $16.50. If we cut our selling price to retailers to $14.00, I expect that the product will do much better. The retailers' increased markup will give them the incentive to display our product more prominently and to promote it more vigorously to customers. We should support this strategy by supplying more promotional materials to retailers, which I expect would be an increase of $2,000 in Advertising and Promotion costs. Based on the price cut and the increase in advertising and promotion, I expect that we will be able to boost our sales volume by 20 percent to 120,000 units in 2024 ." Diana received cost data from the company's CFO, Don Capp. Don expects that the cost data below are also reliable estimates for 2024 for a production volume up to 150,000 units. Beyond 150,000 units, the company would have to rent additional machines (with a capacity of 50,000 units each), which would increase fixed manufacturing overhead costs by $20,000 per machine