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The condensed budgeted income statement for the Phan and Nguyen partnership for 2020 is as follows: PHAN AND NGUYEN LLP Income Statement Year Ending December 31, 2020 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross prot 400,000 Operating expenses Selling $280,000 Administrative 150,000 430,000 Net loss $(30,000) A cost behaviour analysis indicates that 75% of the cost of goods sold is variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable. (Use the CVP income statement format in calculating prots.) (a) Your answer has been saved. See score details after the due date. Calculate the break-even point in total sales dollars and in units for 2020. (Round contribution margin per unit to 1.25, contribution margin ratio to 1 decimal place, e.g. 15.2% and final answers to O decimal places, e.g. 5,275.) Break-even point in sales $ 1285225 Break-even point in units 257045 Attempts: 1 of 1 usedPhan has proposed a plan to get the partnership "out of the red" and improve its protability. She feels that the quality of the product could be substantially improved by spending $025 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Phan estimates that sales volume will increase by 25%. Calculate the break-even point in total sales dollars and in units under the proposed plan. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e3. 15.25 or 15.25% and nal answers to 0 decimal places, as. 5,275.) Break-even point in sales $ 134948625 Break-even point in units 257045 What effect would Phan's plan have on the partnership's prots and its break-even point in dollars? This plan would have no v effect on the break-even point in units, but increases v break-even point in sales dollars be It increases v the operating prot before tax from a prot v of $ to a v of $ What effect would Phan's plan have on the partnership's prots and its break-even point in dollars? n the break-even point in units, but increases v breakeven point in sales dollars because ofthe higher v selling price. before tax from a prot v of $ to a v of $