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Please answer all parts because I am not able to post the questins separately because it all connects. Please and thank you. Please answer all
Please answer all parts because I am not able to post the questins separately because it all connects. Please and thank you. Please answer all parts.
Problem \#1 (22 points) Emery Co. produces and sells two products, Records and Cassettes. Revenues and cost information relating to the two products is as follows: Common fixed expenses total $86,000 annually. Last year the company produced and sold 22,000 Records and 67,000 Cassettes. This problem has four requirements (a,b,c,d). Requirement A has a table that you will need to fill in. Please put your final answer for the other three requirements ( b,c,d) into the first box provided for each one below, and then use the second box provided to show your work for each one. It is necessary to show your work in order to earn partial credit if your final answer is incorrect. Requirement (a): For next year, the company is considering increasing its advertising expense for Records by $42,000, which is expected to increase sales in the Records segment by 10%. Using the above data and the table below, prepare a contribution format income statement for Emery Co. segmented by product for next year that shows the new results. Round all amounts to the nearest dollar amount (if needed). Requirement (b): Refer to the segmented income statement you made in Requirement (a). Calculate the Records segment break-even point in dollar sales (\$) for next year. Round your final answer to the nearest whole number (if needed). Use this space to show your work for Requirement (b): Requirement (c): Refer to the segmented income statement you made in Requirement (a). Calculate the Cassettes segment break-even point in dollar sales (\$) for next year. Round your final answer to the nearest whole number (if needed). Use this space to show your work for Requirement (c): Requirement (d): Refer to the segmented income statement you made in Requirement (a). Calculate the total company break-even point in dollar sales (\$) for next year. Round your final answer to the nearest whole number (if needed). Use this space to show your work for Requirement (d)Step by Step Solution
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