Giant Chef Equipment Company Is organized into two divisionscommercial sales and home products. During June, sales for the commercial sales division totaled $1,500,000, and Its contribution margin ratio averaged 34 percent. Sales generated by the home products division totaled $900,000, and its contribution margin ratio averaged 50 percent. Monthly xed costs traceable to each division are $180,000. Common fixed costs for the month amount to $120,000. Required: a. Prepare Giant Chef Equipment's responsibility income statement for the current month. Be certain to report responsibility margin for each division and income from operations for the company as a whole. b. Compute the dollar sales volume required for the Home Products Division to earn a monthly responsibility margin of $500,000. c-1. A marketing study indicates that sales in the home products division would increase by 5 percent if advertising expenditures for the division were increased by $15,000 per month. Calculate the Increase or decrease in responsibility margin. c-Z. Would you recommend this increase in advertising? Complete this question by entering your answero in the tabs below. Req B Req C1 Req C2 Prepare Giant Chef Equipment's responsibility income statement for the current month. Be certain to report respon division and income from operations for the company as a whole. Reg 5 Reg C2 Req A E Compute the dollar sales volume required for the Home Products Division to earn a monthly responsibility margin c $500,000. :| Rqu E Reg C1 Req B ReqCZ A marketing study indicates that sales in the home products division would increase by 5 percent if advertising exp for the division were increased by $15,000 per month. Calculate the Increase or decrease in responsibility margin. Incremental revenue Increase in contribution margin ::| Increase in responsibility margin Req A Reg 5 Reg C1 Would you recommend this increase in advertising? Would you recommend