Please answer the four subparts for question 1. #1-4 is completed, still need #5-8. Thanks!

(8 points) Assume you direct market your pumpkins at a roadside farm stand called The Park-n-Pick Pumpkin Patch during the month of October. Based on your marketing plan, you expect to sell 800 pumpkins at $9 each. The variable cost to grow and sell each pumpkin is $5 each. Your overhead costs (fixed costs) at The Park-n-Pick Pumpkin Patch are $2,000. 1) How many pumpkins must you sell to break-even? Round to the nearest pumpkin. Break-even point = Fixed cost / Contribution B.u. = 2000/4 = 500 units 2) If you sell the 800 pumpkins that you estimated in your marketing plan, will you make a profit or loss and how much is that profit or loss? Round to the nearest cent. Profit = Sales units. Contribution R.y. - Fixed cost = 800 * 4 - 2000 = $1200 3) Calculate the contribution margin percentage. Contribution margin percentage = Contribution p.u. / Selling Price 100 = 4/9*100 = 44.44% 4) Calculate the breakeven point in dollars if the overhead costs increase by $1,000 as a result of remodeling the storefront of the farm stand, assuming everything else remains the same. Round to the nearest cent. Break even revenue ($) = Fixed cost / Contribution margin percentage = (2000 + 1000) / 44.44% = $67501 5) What is the minimum change in dollar sales needed to break even as a result of this increase in overhead costs? Round to the nearest cent. 6) How many pumpkins must be sold to breakeven after the storefront remodel? Round to the nearest pumpkin. 7) If you have a fixed profit objective of $1,000, what should your selling price be per pumpkin (consider that the storefront remodel has occurred)? Round to the nearest cent. 8) Should you revisit the pricing strategy in your marketing plan based on this fixed profit objective or should you moderate your profit goal? Explain