Please ignore the answers that are already filled in

Lotts Company produces and sells one product. The selling price is $10, and the unit variable cost is $6. Total fixed cost is $10,000. Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits. For all the graphs below, the plus-marked line is total revenue, and the heavy solid line is total cost. Required 1. Of the four graphs below, choose the correct CVP graph for Lotts Company. a. b. $35,000 $40,000 $35,000 30.000 $25.000 $30,000 $25,000 s20.000 $15,000 $10,000 5,000 $20.000 15,000 $10,000 500 1,500 3,500 500 1,000 00 2,000 2,500 3,000 3,500 4,000 Units Sold Units Sold d. $60,000 $70,000 $60,000 $50,000 $40,000 $30,000 $50,000 $40,000 30,000 $20,000 $20,000 $10,000 $0 10,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 500 1,000 02,000 2,500 3,000 3,500 4,000 Units Sold Units Sold Correct answer is a What is the break-even point in units? 2. Choose the correct CVP graph for each of the following independent scenarios: a. Fixed cost increases by $5,000 b. $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 5,000 $20.000 $15,000 $10,000 S0 S0 500 1,000 1.500 2,000 2,500 3.000 3,500 1,000 500 2,000 2.500 3,000 3,500 4,000 Units Sold Units Sold d. $60,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 $40,000 $20,000 $10,000 $0 1,000 2,000 3,000 4 ,000 5,000 6,000 7,000 500 1,000 500 2,000 2,500 3,000 3,500 4,000 Units Sold Units Sold Correct answer is c What is the break-even point in units? 3,750 b. Unit variable cost increases to $7 $35,000 $50,000 $30,000 $40,000 $25,000 30,000 $20,000 $15,000 $10,000 $5,000 $0 $20,000 $10,000 S0 500 1,000 1,500 2,000 2,500 3,500 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Units Sold Units Sold $60,000 $70,000 S60,000 $50,000 $40,0o0 a s30,000 $20,000 $10,000 $0 $50,000 $40.000 $30,000 2 $20,000 $10,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 500 1,000 500 2,000 2,500 3,000 3,500 4,000 Units Sold Units Sold Correct answer isb What is the break-even point in units? Round your answer to the nearest whole unit. 3,400 c. Unit selling price increases to $12 $35,000 $40,000 $30,000 $30,000 $25,000 $20.000 $15,000 $10.000 $25,000 $20.000 $15,000 $0 S0 500 1,000 2,000 2,500 500 000 500 2,000 2500 3,0003,500 4000 Units Sold Units Sold C. $70,000 $60,000 $50,000 $40,000 $30,000 $30,000 $20.000 $20,000 $10,000 $10,000 So 1,000 2,000 3,000 4,000 5,000 6,000 7,00 500 1,000 .500 2.000 2.500 3,000 3.500 4.000 Units Sold Units Sold Correct answer is c What is the break-even point in units? Round your answer to the nearest whole unit. 1,700 d. Fixed cost increases by $5,000 and unit variable cost is $7 What is the break-even point in units? Round your answer to the nearest whole unit. 1,700 d. Fixed cost increases by $5,000 and unit variable cost is $7 b. 35,000 $40.000 $30,000 30,000 25,000 $20,000 $15,000 $25,000 $20,000 $15,000 $10,000 $10.000 5,000 500 1,000 1.500 2,000 2,500 3,500 500 1,000 500 2,000 2.500 3,000 ,500 4,000 Units Sold Units Sold $60,000 $70,000 $50,000 $60,000 $40,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 $30,000 $20,000 $10,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 500 1,000 500 2,000 2,500 3,000 3,500 4,000 Units Sold Units Sold Correct answer is b What is the break-even point in units? 37,500