Reveen Products sells camping equipment One of the company's products, a camp lanten, sells per unit Variable expenses are $98 per lantern, and foced $210,000 per month. expenses associated with the lantern total Required: 1. Compute the company's break-even point in number of lantens and in total sales dollars. Number of lanterns 5,000 Total sales dollars S 700,000 2. If the varisble expenses per lantern increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.) e Higher break-even point O Lower break-even point 3. At present, the company is selling 13,000 lantems per month. The sales manager is convinced that a 10% reduction in the seling price will result in a 25% increase n the number of lanterns sold each month. Prepare two contribution format income statements, one under present opersting conditions, and one as operations would appear after the proposed changes Present Proposed 13,000 lan nterns Total Per unit Total Per unit 4. Refer to the dsta in (3) above. How many lanterns would have to be sold at the new selling price to yield a minimum net opersting income of $70,000 per month? (Round your answers to the nearest whole number.) mber of lanterns to be sold