Sill E. Puddie, a sculptor, started her own mass production sculpting business last year. Her first year's contribution format income statement looked like this: Sales 625.256 Less Variable Expenses 343.891 Contribution Margin 281.365 Less Fixed Expenses 211,024 Operating Profit 70,341 NOTE: If the data above is blank it means you haven't entered your student numbe The average price Sill E. Puddie charged for her masterpieces was $450 per piece and her i Required: Please answer the following 5 questions using the data above. I have left space after each If you need more space you can insert a row. Please do not use column A as I would like to 1 What is Sill E. Puddie's break-even point in pieces? (2 marks) 2 What is Sill E. Puddie's margin of safety in dollars? (2 marks) 3 Sill E. Puddie set a goal for year two business of earning an after tax profit of Assuming the cost behaviour is consistent with what she experienced in the first year and the tax rate remains the same what would her total sales dollars need to be to ac 4 If Sill E. Puddie lowered her average selling price by $25 per piece she believes that sa Should she decrease her price? Why? (2 marks)