Susan Lo called her boss, Phil Takata, the vice president of sales at Jewel Clasps Corporation: "Phil, I'm not sure how to go about answering the questions that came up at the meeting with the CEO yesterday What's the challenge? The CEO wanted to know the break-even point for each of the company's products, but I am having trouble figuring them out Tm sure you can handle it, Susan. And, by the way, I need your analysis on my desk tonight before you leave in time for my follow-up meeting at 8:00 a.m. ewel Clasps Corporation makes three different types of jewelry clasps in its manufacturing facility in North Carolina. Data concerning these products appear below Normal annual sales volume Unit selling price Variable expense per u 105,000 51.40 5.98 206,000 51.60 5.64 405,000 51.10 0.44 nt 5458,0D0 per year Total fixed expenses are S All three products are sold in highly competitive markets, so the company is unable to raise its prices without losing unacoeptable numbers of customers. The company has an extremely effective lean production system, so there are no beginning or ending work in process or finished goods inventories. *TIP: To answer the questions below, it will be most helpful if you prepare segmented income statements as illustrated in your textbook (-page 283) Required 1. What is the company's over-al break-even point in dollar sales? (Round CM ratio to 4 decimal places and final answer to the nearest thousand dollars. For example: round 0.64894 to 0.6489;and round 975,434 to 975,000) r sales 2. Of the total foxed expenses of 5459,00O, $23,100 could be avoided if the Gold product is dropped, 100,800 if the Silver product is dropped, and S89,300 if the Copper product is dropped. The remaining fixed expenses of $285,800 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. a. What is the break-even point in unit sales for each product? (Do not round intermediate calculations.) Break-even point in unit sales b. If the company sells exactly the break-even quantity of each product, what will be the overall profit of the company? (Do not round intermediate calculations.)