Need help on these Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Allthree products are sold in highly competitive markets, so the company is unable to raise prices without losing anunacceptable number of customers. Data from the most recent period concerning these products appear below:VelcroMetalNylonAnnual sales volume101,800203,6001.50 $407,200Unit selling price1.65 $1.25 $0.40 $0.85Variable expense per unitContribution margin per unit0.70 $0.250.80 $0.60Total fixed expenses are $407,200 per period. Of the total fixed expenses, $20,000 could be avoided if the Velcro productis dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixedexpenses of $247,200 consist of common fixed expenses such as administrative salaries and rent on the factory buildingthat could be avoided only by going out of business entirely.The company's managers would like to compute the break-even point in dollar sales for the company as a whole, and thebreak-even point in unit sales for each product. They are considering two methods for computing each product's break-even point unit sales:Method #1. Include each product's traceable fixed costs and an allocated share of the common fixed costs in thenumerator of each break-even calculation. The common fixed costs would be allocated to the three products using salesdollars as the allocation base.Method #2: Only include each product's traceable fixed costs in the numerator of each break-even calculation.Required:1. Using data from the most recent period, prepare a contribution format segmented income statement.2. What is the company's over-all break-even point in dollar sales?3a. Calculate the break-even point in unit sales for each product using method 1.3b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the companyusing method 1?4a. Calculate the break-even point in unit sales for each product using method 2.4b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the companyusing method 2?5. Which method should the company use to calculate each product's break-even point in unit sales?Complete this question by entering your answers in the tabs below.Reg 1Reg 2Req 3a and 3b Req 4a and 4bReq 53a. Calculate the break-even point in unit sales for each product using method 1. (Do not round intermediate calculations andfinal answers to the nearest whole number.)3b. If the company sells exactly the break-even quantity of each product what will be the overall profit for the company usingmethod 1?Show less AЗа.Velcro's Break-even point in unitsMetal's Break-even point in unitsNylon's Break-even point in units3b.Overall profit (loss)< Req 2Reg 4a and 4b > Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Allthree products are sold in highly competitive markets, so the company is unable to raise prices without losing anunacceptable number of customers. Data from the most recent period concerning these products appear below:VelcroMetalNylonAnnual sales volume101,800203,600407,2000.85Unit selling priceVariable expense per unitContribution margin per unit$1.65 $1.25 $1.50 $0.70 $0.80 $0.250.40 $0.60Total fixed expenses are $407,200 per period. Of the total fixed expenses, $20,000 could be avoided if the Velcro productis dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixedexpenses of $247,200 consist of common fixed expenses such as administrative salaries and rent on the factory buildingthat could be avoided only by going out of business entirely.The company's managers would like to compute the break-even point in dollar sales for the company as a whole, and thebreak-even point in unit sales for each product. They are considering two methods for computing each product's break-even point unit sales:Method #1. Include each product's traceable fixed costs and an allocated share of the common fixed costs in thenumerator of each break-even calculation. The common fixed costs would be allocated to the three products using salesdollars as the allocation base.Method #2: Only include each product's traceable fixed costs in the numerator of each break-even calculation.Required:1. Using data from the most recent period, prepare a contribution format segmented income statement.2. What is the company's over-all break-even point in dollar sales?3a. Calculate the break-even point in unit sales for each product using method 1.3b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the companyusing method 1?4a. Calculate the break-even point in unit sales for each product using method 2.4b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the companyusing method 2?5. Which method should the company use to calculate each product's break-even point in unit sales?Complete this question by entering your answers in the tabs below.Req 1Req 2Reg 3a and 3b Reg 4a and 4bReg 54a. Calculate the break-even point in unit sales for each product using method 2.4b. If the company sells exactly the break-even quantity of each product what will be the overall profit for the company usingmethod 2?4a.Velcro's Break-even point in unitsMetal's Break-even point in nitsNylon's Break-even point in units4b. JOverall profit (loss)Reg 3a and 3bReq 5 >

Breakeven is the point at which the company has 0 loss/ and profit that means the revenue=expenses.…

3a. Calculate the break-even point in unit sales for each product using method 1. 3b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the company using method 1? 4a. Calculate the break-even point in unit sales for each product using method 2. 4b. If the company sells exactly the break-even quantity of each product, what will be the overall profit for the company using method 2?