Hinton's Beanery is a locally owned specialty food product company in Northeast Ohio that has been in existence for over 30 years. Its products include flavored coffees and teas, dips, dressings, sauces, and seasonings. 0 (Click the icon to view additional information.) Requirements Each of the shows that Hinton's attends has a different booth rental fee. Booth rental fees can range from $700 to $6,000 for each show. Assume that the booth rental fee at the Great Big Home + Garden Show is $4,880 for the five-day show and that Hinton's has an average contribution margin ratio of 40% on its products. Read the muirements. 1. How much in sales does Hinton's need to break even on the Great Big Home + Garden Show, assuming that the booth rental fee is the only fixed cost of the show? . The Great Big Home + Garden Show runs for ve days. How much, on average, must Hinton's sell each day of the show to break even? . Assume that 87,500 people visit the home and garden show each year spread evenly throughout the ve-day period. If 8% of the attendees purchase from Hinton's at the show, how much must each customer purchase from Hinton's for the company to break even on the booth rental fee? . Assume now that Hinton's wants to make a target prot of $6,500 for the Great Big Home + Garden Show. What sales volume will allow Hinton's to achieve this target prot? Show, assuming that the booth rental fee is the only xed cost of the show? Identify the formula and then compute the breakeven point in dollars. (Complete all answer boxes. Enter a "0" for any zero amounts. Enter ratios, if any, as a decimal to two places, X.XX.) Breakeven sales ( Fixed expenses + Operating income ) + Contribution margin ratio = in dollars ( $ 4,880 + $ 0 )+ 0.40 = $ 12,200 Requirement 2. The Great Big Home + Garden Show runs for ve days. How much, on average, must Hinton's sell each day of the show to break even? Hinton's must sell 33 2.440 each day to break even. Requirement 3. Assume that 87,500 people visit the home and garden show each year spread evenly throughout the five-day period. If 8% of the attendees purchase from Hinton's at the show, how much must each customer purchase from Hinton's for the company to break even on the booth rental fee? Identify the formula and then compute the purchase amount needed per customer. (Round your answer to the nearest cent.) Breakeven sales in dollars + Total number of customers Purchase amount per customer : V