Required information [The following information applies to the questions displayed below.] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 3: Managerial Decision Making. The following table summarizes the operating results for Bene Petit's first year of operations: Bene Petit First Year Operating Data: Single (1 serving) Dual (2 servings) Family (4 Total servings) 3,000 5,000 12,000 20,000 3,000 10,000 48,000 61,000 750 1,250 3,000 5,000 3,000 5,000 12,000 20,000 6 10 24 40 Customer Meals Sold Total Customer Servings Customer Orders (Average = 4 meals per order) Number of Donated Meals (1 per customer meal) Number of Donated Deliveries (500 meals per delivery) Additional information about selling prices, variable costs, and fixed costs is summarized below: The average sales price for customer meals is $5 per serving. The average direct materials (ingredients) cost of customer meals is $1 per serving. Direct labor costs average $0.75 per customer meal. Variable manufacturing overhead costs are applied at a rate equal to 60% of direct labor. The delivery expense for customer meals is $2 per customer order. The incremental cost of producing the donated meals is $1.25 per meal. The delivery expense for donated meals is $125 per delivery to community partners. The following fixed costs are allocated to customer meals based on total sales revenue: Fixed manufacturing overhead costs are $75,000 per year. Fixed selling expenses are $29,000 per year. Fixed administrative expenses are $40,000 per year. The attached excel file shows a contribution margin income statement based on these starting assumptions. You should return to this starting spreadsheet for each part of the case below. Part 3 CVP Analysis (starting data).xlsx 2. Treat the following questions as independent scenarios. Use the starting spreadsheet to complete the following break-even analysis questions. a. How many single-, dual- and family-sized meals must be sold to break even? Single serving meal Dual serving meal Family size meal b. How much is the total sales revenue at the break-even point? Total sales revenue at the break-even point c. What was Bene Petit's margin of safety (in total meals sold) for the first year of operations? Margin of safety c. What was Bene Petit's margin of safety (in total meals sold) for the first year of operations? Margin of safety d. How many meals will Bene Petit donate to the homeless at the break-even point? Number of meals 3. Use the "goal seek" function in Excel to determine how many customer meals (in total and by product line) must be sold to earn $126,000 in net operating income. Hint: Use the "goal seek" function to change net operating income to $126,000 by changing only the cell that contains the total number of customer meals sold. a. How many total meals must be sold to earn $126,000 in net operating income? Total meals b. How much total sales is required to earn $126,000 in net operating income? Total sales 6. Assume that Taylor is considering raising the price per serving by 20% but expects a corresponding drop in demand. How much would profit increase or decrease compared to the starting profit of $36,000? Profit