Only need 1,4, and 5

Connelly Inc., a manufacturer of quality electric ice cream makers, has experienced a steady growth in sales over the past few years. Because her business has grown, Jan De Janey, the president, believes she needs an aggressive advertising campaign next year to maintain the company's growth. To prepare for the growth, the accountant prepared the following data for the current year: $ 27.00 32.50 13.50 $ 73.00 Variable costs per ice cream maker Direct labor Direct materials Variable overhead Total variable costs Fixed costs Manufacturing Selling Administrative Total fixed costs Selling price per unit Expected sales (units) $ 95,000 46,000 446,000 $587,000 135 70,500 Required: 1. If the costs and sales price remain the same, what is the projected operating profit for the coming year? 2. What is the breakeven point in units for the coming year? 3. Jan has set the sales target for 73,750 ice cream makers, which she thinks she can achieve by an additional fixed selling expense of $231,865 for advertising. All other costs remain as per the data in the above table. What will be the operating profit if the additional $231,865 is spent on advertising and sales rise to 73,750 units? 4-a. What will be the new breakeven point if the additional $231,865 is spent on advertising? 4-b. Prepare a contribution income statement at the new breakeven point. 4-c. What is the percentage change in both fixed costs and in the breakeven point? 5. If the additional $231,865 is spent for advertising in the next year, what is the sales level (in units) needed to equal the current year's operating profit at 70,500 units? If the additional $231,865 is spent for advertising in the next year, what is the sales level (in units) needed to equal the current year's operating profit at 70,500 units? (Round your answer up to the nearest whole number.) Sales level units What is the percentage change in both fixed costs and in the breakeven point? (Input your answers as percentages rounded to 2 decimal places (i.e., .1567 = 15.67%.).) % Percentage change in fixed cost Percentage change in breakeven point % Prepare a contribution income statement at the new breakeven point. CONNELLY, INC. Contribution Income Statement Sales revenue Less: Variable costs Contribution margin $ 0 Original amount Incremental amount GEA Operating profit 0 What will be the new breakeven point if the additional $231,865 is spent on advertising? (Round your answer up to the nearest whole number.) New breakeven point 132,075 X units If the costs and sales price remain the same, what is the projected operating profit for the coming year? Projected operating profit $ 4,371,000