Requirements Consider each of the following questions separately by using the foregoing information each time. 1. Calculate the breakeven point in units. 2. The Sock Company reduces its sales price from $10 per pair to $8 per pair. Calculate the new breakeven point in units. 3. The Sock Company finds a new supplier for the socks. Variable costs will decrease by $1 per pair. Calculate the new breakeven point in units. 4. The Sock Company plans to advertise in hiking magazines. The advertising campaign will increase total fixed costs by $2,000 per month. Calculate the new breakeven point in units. 5. In addition to selling hiking socks, The Sock Company would like to start selling sports socks. The Sock Company expects to sell one pair of hiking socks for every three pairs of sports socks. The Sock Company will buy the sports socks for $4 per pair and sell them for $8 per pair. Total fixed costs will stay at $12,000 per month. Calculate the breakeven point in units for both hiking socks and sports socks.