Requirements 1. How much in sales does Archer's need to break even on the Great Big Home + Garden Show, assuming that the booth rental fee is the only fixed cost of the show? 2. The Great Big Home + Garden Show runs for five days. How much, on average, must Archer's sell each day of the show to break even? 3. Assume that 60,000 people visit the home and garden show each year spread evenly throughout the five-day period. If 10% of the attendees purchase from Archer's at the show, how much must each customer purchase from Archer's for the company to break even on the booth rental fee? 4. Assume now that Archer's wants to make a target profit of $2,500 for the Great Big Home + Garden Show. What sales volume will allow Archer's to achieve this target profit?Archer's Beanery is a locally owned specialty food product company in Northeast Ohio that has Each of the shows that Archer's attends has a different booth rental fee. Booth rental been in existence for over 30 years. Its products include flavored coffees and teas, dips, fees can range from $450 to $7,000 for each show. Assume that the booth rental fee at dressings, sauces, and seasonings. the Great Big Home + Garden Show is $4,320 for the five-day show and that Archer's has an average contribution margin ratio of 40% on its products. i (Click the icon to view additional information.) Read the requirements. Requirement 1. How much in sales does Archer's need to break even on the Great Big Home + Garden Show, assuming that the booth rental fee is the only fixed cost of the show? Identify the formula and then compute the breakeven point in dollars. (Complete all answer boxes. Enter a "0" for any zero amounts. Enter ratios, if any, as a decimal to two places, XXX.) Breakeven sales in dollars Breakeven sales in dollars - X More info Contribution margin per unit Contribution margin ratio The company attends a variety of craft and other shows throughout the year and sets up a booth at each show to sell its products. Free samples are offered to show attendees, and the Archer's booth is always packed. Shows that Archer's attends Fixed expenses include the Yankee Peddler Festival in Canal Fulton, Ohio, the Great Big Home + Garden Show at the Cleveland I-X Center, and the Ohio Mart at Stan Hywet in Operating income Akron, Ohio. Archer's also sells its products online via its website. Total number of customers Units sold Print Done Variable expenses