I need help with my managerial accounting assignment. question 5, 6, and 7 only.

Please make sure to Compute the companywide break-even point in dollar sales.( with rounding intermediate calculations to 3 decimal places and final answer to the nearest whole dollar amount.)

DISEUSSIDI'I Board201920ACC2 x E HomeworkM x + (- 9 C! i httpsnewconnectimheducation.comfowfconnect.html as or\" Homework #4 0 Saved 'l points eBook Piirit Releiences E Type here to search i; Toxaway Company is a merchandiser that segments its business into two divisionsCommercial and Residential. The company's accounting intern was asked to prepare segmented income statements that the company's divisional managers could use to calculate their break-even points and make decisions She took the prior month's companywtde income statement and prepared the absorption format segmented income statement shown below: Total Company Commercial Residential Sales 3 756, 666 $ 256,666 3 566, 666 Cost o'F goods sold 566, 666 146,666 366,666 Gross margin 258,888 118,888 148,888 Selling and administrative expenses 248,888 184,888 136,888 Net operating income % 18,888 i: E 888 3 4,888 In preparing these statements the intern determined that Toxaway's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $?2.000 of common fixed expenses that would continue to be incurred even if the Commercial or Residential segments are discontinued 355.000 of fixed expenses that would be avoided if the Commercial segment is dropped. and 338.000 of fixed expenses that would be avoided ifthe Residential segment is dropped Required: 1 Do you agree With the intern's decision to use an absorption format for her segmented income statement? 2. Based on a review ofthe intern's segmented income statement. a How much of the company's common fixed expenses did she allocate to the Commercial and Residential segments? b Which ofthe following three allocation bases did she most likely used to allocate common fixed expenses to the Commercial and Re5idential segments [a] sales. [b] cost of goods sold. or [c] gross margin? 3. Do you agree with the intern's decision to allocate the common fixed expenses to the Commercial and Residential segments? 4 Redo the intern's segmented income statement using the contribution format 5 Compute the compaanIde breakreven point in dollar sales 6. Compute the break-even paint in dollar sales for the Commerctal Division and for the Restdential Diviston. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthly salary of 315.000 and $30000, respectively, and to lower its companywtde sales commission percentage from 10%to 5% Calculate the new break-even point in dollar sales for the CommerCIal Dwision and the Residential Diwston Help SaveEExil Submit Checkmyw