Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $52; white, $82; and blue, $107. The per unit variable costs to manufacture and sell these products are red, $37; white, $57; and blue, $77. Their sales mix is reflected in a ratio of 2:2:1 (red: white:blue). Annual fixed costs shared by all three products are $147,000. One type of raw material has been used to manufacture all three products. The company has developed a new material of equal quality for less cost. The new material would reduce variable costs per unit as follows: red, by $13; white, by $23; and blue, by $13. However, the new material requires new equipment, which will increase annual fixed costs by $17,000. Required: 1. Assume if the company continues to use the old material, determine its break-even point in both sales units and sales dollars of each individual product. 2. Assume if the company uses the new material, determine its new break-even point in both sales units and sales dollars of each individual product Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume if the company uses the new material, determine its new break-even point in both sales units and sales dollars of each individual product. (Round composite units up to next whole number.) 2. Determine its break-even point in both sales units and sales dollars of each individual product. Determine the selling price per composite unit. Ratio Selling price per unit Total per composite unit Red 2 52.00 104.00 82.00 164.00 Blue 107.00 107.00 375.00 White Determine the variable costs per composite unit. Ratio Variable cost per unit Red 2 $ 24.00 White 34.00 Blue 64.00 Total per composite unit 26.00 68.00 2 64.00 158.00 2. Determine the selling price per composite unit. Ratio Selling price per unit Red 2 $ 52.00 White 82.00 Blue 107.00 Total per composite unit 104.00 $ 164.00 107.00 375.00 Determine the variable costs per composite unit. Ratio Variable cost per unit Red 2 $ 24.00 White 34.00 64.00 Total per composite unit 26.00 68.00 Blue 64.00 158.00 Determine the break-even point in composite units. Choose Choose Denominator: Break Even Units Numerator: Fixed costs per Contribution margin per unit unit Break even units $ 164,000 1 217.00 756 composite units Determine its break-even point in units and sales dollars of each individual product. Number Number of composite units Units sales at per Dollar sales at the break-even the break-even composite to break even. point point unit Red 756 1,512 $ 78,624 X White 2 756 1,512 123,984 Blue 1 756 756 80,892 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted