I have posted the decision case 21-1 as instructed in the first picture....

Please show the calculations for my better understanding and the second part of the question also requires a CVP graph I also need help of how it is suppose to be drawn

Instructions: 1. Complete the requirements for Decision Case 21-1 on page 1197 of your textbook. Show all calculations and include references for your supporting documentation In addition to the requirements in the textbook (#1-4), please prepare a CVP graph of your results for requirements #1 and #2 using Exhibit 21-8 and the steps on page 1142 for assistance. 2. 3. You may choose to work individually or with a partner (please reach out to one another to get to know each other and get used to working with other people outside your regular groups). Select one person to submit the assignment on behalf of the pair and be sure to clearly indicate the names of the person. Each member will receive the same grade. No more than 2 people per group 4. Please prepare your assignment submission using one of the following acceptable formats: Word, Excel, Pages or Google Docs etc. Please download and/or save these files in pdf format to ensure I am able to open them using the Blackboard grading tool. Under part 2 in the Assignment Submission area beside Attach File, select Browse My Computer and then select your pdf file. If you need assistance with this, the RDC Library would be happy to assist you! chapeer 2 CVP Graph-A Graphic Portrayal A CVP graph povsles a picture that shows hoow changes in the olumse of units is on the borizontal asis and dollars are o graph the CV celatiompe for Smart Touch Learning are erialh 121 2,aw 21 Grap he varialblk, fised, and mived cost graphs of Eishibits 21. r Smart Touch Learning are illustrated in Exhibi 21 single sale Exhibit 218 Cost-Volume-Profit Graph for Smart Touch Tablets Sales Revenue Fixed Costs Total Costs Sa sS0.000 $13,500 $1,000 100 $80.000 $70,000 60,000 $50,000 40,000 530,000 -Total Costs Sales Revenue Step 4 Breakeven Pointn Opngtep3 Total Costs 20,000 $10,000 Loss Step 2 Fixed Costs HO AN Mar so 50 100 150 Number of Tablets Step 1: Choose a sales volume, such as 100 tablets. Plot the point for total sales revenue ar S0) through the $50,000 point. Why start at the origin? If Smart Touch Learning sells no sab volume 100 tablets S500 per table-S50,000 Draw the sals merne line from the one n vaf lets, there is no revenue Step 2: Draw the foed cost linec, a horizontal line that intersects the dollars axis at $13,500 The fixed cost line is flat because fixed costs are the same, $13,500, no matter how may ablets are sold. Step 3: Draw the ketal cet im. Total costs are the sum of varable costs plus fixed coss Thus, total costs are mised. The total cost linc follows the form of the mixed cost lin in Exhibit 21-4. Begin by computing total variable costs at the chosen sales volume 100 tablets X $275 per tablet $27,500. Add total variable costs to fixed costs 27,500+$13,500 $41,000, Plot the total cost point of $41,000 for 100 tablets. Then draw a line through this point from the $13,500 fixed cost intercept on the dollars vertical axis. This is the sotal cost line. The total cost line starts at the fixed cost line because even Smar Touch Learning sells no tablets, the company still incurs the $13,500 of fixed costs Step 4: Identify the inakevea poinl. The breakeven point is where the sales revenue intersects the total cost line. This is where revenue exactly equals total costs or $30,000 in sales Step 5: Mark the opernating les area on the graph. To the left of the breakeven p costs exceed sales revenue-leading to an operating loss, indicated by the o Mark the operating income arca on the graph. To the right of the breakeven point, t earns a profit because sales revenue exceeds total costs, as shown by the green zo point, total nge zone the business ,Decision Linda Hom live in Bartlesville,Oklahoma Two years ago, they visited Linda, a professional chef, was impressed with the cooking methods and the wed in Thai food. Bartlesville does not have a Thai restaurant, and the Homs ne. Linda would supervise the cooking, and Stewe his current job to be the maitre d'. The restaurant would serve dinner Tuesday leavc through Saturday Steve has noticed a restaurant for lease. The restaurant has seven tables, each which can seat four. Tables can be moved together for a large party. Linda is on using each table rwice each evening, and the restaurant will be open 50 planning weeks per year The Homs have drawn up the following estimates: Average revenue, including beverages and desserts Average cost of food Chets a o dishwasher's salaries Rent (emises,equipment) Cleaning Ginen, premises) Replacement of dishes, cutlery, glasses Utilities, advertising, telephone per meal 15 per meal 5,100 per month 4,000 per month 800 per month 300 per month 2,300 per month 45 Requirements 1. Compute the amual breakeven number of meals and sales revenue for the 2. Compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year 3. Hou many meals must the Homs serve each night to earn their target profit of 4. What factors should the Homs consider before they make their decision as to whether to open the restaurant? Ethical Issue 21-1 You have j supplies ust begun your summer internship at Omni Instruments. The company sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its sales force. T asks he controller, Matthew Barnhill, you to compute: (1) the new breakeven sales figure, and (2) the operating profit if sales this task because you learned CVP analysis in your accounting class perfe will ncrease 15% under the new sales cornmission plan. He thinks you can handle You spend the next day collecting information from the accounting records, rming the analysis, and writing a memo to explain the results. The company president is pleased with your memo. You report that the new sales commission plan to a significant increase in operating income and only a small increase in breakeven sales. The following week, you realize that you made an error in the CVP analysis. You overlooked the sales personnels $2,800 monthly salaries, and you did not include this ed selling cost in your computations. You are not sure what to do. If you tell Mat- ew Barnhill of your mistake, he will have to tell the president. In this case, you are Omni might not offer you permanent employment after your internship