urgent please help

Problem 7.24 (Algo) Companywide and Segment Break-Even Analysis; Decision Making [LO7-4, LO7-5] Toxaway Company is a merchandiser that segments its business into two divisions - Commercial and Residential The company's accounting intern was asked to prepare segmented income statements that the companys divisional managers could use to calculate their break-even points and make decisions She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below: In preparing these statements, the intern determined that Toxaway's only variable seling and administrative expense is a 10 s sales commission on all soles. The company's total fixed expenses include $66.000 of common fixed expenses that would continue to be incured even if the Commercial of Residential segments are discontinued $78000 of fived expenses that would disapoear if the Commercial segment is dropped, and $56,000 or fixed expenses that would disappear if the Residentipl segment is dropped Required: 1. Do you agree with the intern's decision to use an absorption format for her segmented income statement? 2 Pased on a review of the intem's segmented income statement. a. How much of the companys common fixed expenses did she alocate to the Commercial and Residental segnents? b. Which of the following three alocation bases did she most likely used to allocate common fixed expenses to the Commercial and Residental segments (a) sales; (b) cost of goods sold, or (c) gross margin? 1. Do you agree with the intern's decision to use an absorption format for het segmented income statement? 2. Based on a review of the intern's segmented income statement. a. How much of the company's common foxed expenses did she allocate to the Commercial and Residential segments? b. Which of the following three allocation bases did she most likely used to allocate common fixed Residential segments: (o) sales, (b) cost of goods sold, or (c) gross margin? 3. Do you agree with the intern's decision to allocate the common fured expenses to the Commecina 4. Redo the intern's segmented income statement using the contribution format 5 Compute the companywide break-even point in dollar sales 6. Compute the break-even point in dollar sales for the Commercial Division and for the Residential Division. 7. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthly salary of $25,000 and $50,000, respectively, and to lower its companywide sales commission percentage from 10% to 5% Calculate the new break-even point in dollar sales for the Commercial Diviston and the Residential Division. Complete this question by entering your answers in the tabs below. Based on a review of the intern's segmented income statement, how much of the company's common fixed expenses did she allocate to the Commercial and Residential segments? break-even point in dollar Sales for the Commercial Division and the Residenfial Division: Complete this question by entering your answers in the tabs below. allocate to the Commerdal and Residential segmento