hapter 3 Homework 3 of 4 (4 complete) HW Sco anufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. Ho nt, to believe that an aggressive marketing campaign will be necessary next year to maintain the compan aign, the company's controller has prepared and presented Mr. Barnes with the following data for the curr 0 Requirements 1. What is the projected net income for 2017? 2. What is the breakeven point in units for 2017? 3. Mr. Barnes has set the revenue target for 2018 at a level of $816,000 (or 24,000 bowls) He believes an additional marketing cost of $12.240 for advertising in 2018, with all other costs remaining constant, will be necessary to attain the revenue target. What is the net income for 2018 if the additional $12,240 is spent and the revenue target is met? 4. What is the breakeven point in revenues for 2018 if the additional $12.240 is spent for advertising? 5. If the additional $12,240 is spent, what are the required 2018 revenues for 2018 net income to equal 2017 net income? 6. At a sales level of 24.000 units, what maximum amount can be spent on advertising if a 2018 net income of $114 006 is desired? Print Done wn list and then click Check Answer hapter 3 Homework 3 of 4 (4 complete) HW Score: 98 manufacturer of quality.handmade walnut band has had a steady. sales for the past 5 years. However, B Data Table 3.50 8.00 2.10 Variable cost (per bowl) Direct materials Direct manufacturing labor Variable overhead (manufacturing, marketing, distribution and customer service) Total variable cost per bowl Fored costs Manufacturing Marketing, distribution, and customer service 13.60 15,000 270,600 285,600 $ Total fixed costs Selling price Expected sales, 21,000 units Income tax rate $ 34.00 714,000 40% Print Done Clear All Check AB