Table 1: Cost and Price Information Type of Cost Cost $1.30/album a Retro-vinyl album package cost Songwriters' royalties Recording artists' royalties $0.40/album $1.10/album Revised 9/2020 Page 2 of 4 I d Advertising and promotion costs e Studio Recording Inc.'s overhead costs $280,000 $260,000 Price Pricing Information Selling price to the album distributor $9.25 1. Calculate the following figures and complete Chart A below for Question 1: a Contribution per album unit . Break-even volume in album units and dollars c Net profit if one million albums are sold d Necessary album unit volume to achieve a $200,000 profit 2. For this questions and scenario, ACB Studio Recordings Inc. responds to market conditions and decreases the selling price of the album distributor to $8.00 Recalculate the four figures for a situation in which the selling price to the album distributor is dropped to $800. All other information in Table I remains the same. Complete Chart A below for Question 2 3. In the scenario for this question, recalculate the four figures for a situation in which ACB Executives of Studio Recordings Inc overhead is reduced to $175,000. All other information in Table i remains the same. Complete Chart A below for Question 3