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Please show work. Thanks Practice Problem 3 Jogger Industries sells two components with the following characteristics. Fixed costs for the firm total $200,000 per year.

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Practice Problem 3 Jogger Industries sells two components with the following characteristics. Fixed costs for the firm total $200,000 per year. Part 1 $10 Sales Price Variable Cost Sales Volume $6 Part 2 $25 $17 60,000 units 40,000 units Required: 1. How many units of each product must the firm sell to break even? 2. The firm has determined that due to market changes the price of Part 1 can be increased to $14 with no impact on sales volume. What is the new break-even point in units? 3. Returning to the original information, Jogger's VP of Marketing believes that if the firm spends $60,000 on a new advertising campaign, sales of Part 2 will increase to 80,000 units without affecting the sales of Part 1. How many units of each product must the firm sell to break even under this new scenario? 4. The market changes in question 2 indicate additional overall demand for Part 1. The VP of Marketing believes that if the firm spends $60,000 on advertising of Part 1 instead of on Part 2 (as planned in question 3) the firm will be able to sell a total of 50,000 units of Part 1 at the new $14 selling price. If the company must choose only one product to advertise under this scheme which should it be and why

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