Hi

I would like to know the answer to the question a and b of this document ASAP i need them for tonight :)

Individual Case study Jasmine Park encountered her boss, Richard Johnson, at the coffee machine in the lobby. Richard is the vice president of marketing at Down South Lures Corporation. Jasmine was puzzled by some calculations she had been doing, so she asked him: Jasmine: \"Richard, I'm not sure how to go about answering the questions that came up at the meeting with the president yesterday.\" Richard: \"What's the problem?\" Jasmine: \"The president wanted to know the break even for each of the company's products, but I am having trouble figuring them out.\" Richard: \"I'm sure you can handle it, Jasmine. And, by the way, I need your analysis on my desk tomorrow morning at 8:00 sharp so I can look at it before the follow-up meeting at 9:00.\" Down South Lures makes three fishing lures in its manufacturing facility in South Wales. Data concerning these products appear below. Frog Minnow Worm Normal annual sales volume 100,000 200,000 300,000 Unit selling price 2.00 1.40 0.80 Variable cost per unit 1.20 0.80 0.50 Total fixed expenses for the entire company are 282,000 per year. All three products are sold in highly competitive markets, so the company is unable to raise its prices without losing unacceptable numbers of customers. The company has no work in process or finished goods inventories due to an extremely effective justin-time manufacturing system. Required: 1. What is the company's overall break-even point in total sales dollars? 2. Of the total fixed costs of 282,000, 18,000 could be avoided if the Frog lure product were dropped, 96,000 if the Minnow lure product were dropped, and 60,000 if the Worm lure product were dropped. The remaining fixed costs of 108,000 consist of common fixed costs such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. a. What is the break-even point in units for each product? b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? Explain this result