4 Multiple-Product BreakevenParker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Commonfixed cost equals $31,200. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year:FigurinesPriceVariable costContribution marginNumber of unitsRequired:Break-even vasesVasesIf required, round your final answers to nearest whole value.Break-even vases$4030Break-even figurines$10Feedback1,0001. Compute the number of vases and the number of figurines that must be sold for the company to break even.1,400 X units$70Break-even figurines2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,280 per year to total fixed cost. If the upgrade issuccessful, the projected sales of vases will be 2,000, and figurine sales will increase to 1,000 units. What is the new break-even point in units for each of the products?1,620 X units700 X units42810 X units$28500

The contribution margin is calculated as the difference between the sales and variable costs. The…

Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labor; hence, there are no traceable fixed costs. Comme fixed cost equals $31,200. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Figurines Price Variable cost Contribution margin Number of units Vases $40 # 30 $10 1,000 $70 42 $28 500 Required: If required, round your final answers to nearest whole value. 1. Compute the number of vases and the number of figurines that must be sold for the company to break even. Break-even vases 1,400 X units Break-even figurines 700 X units 2. Parker Pottery is considering upgrading its factory to improve the quality of its products. The upgrade will add $5,280 per year to total fixed cost. If the upgrade is successful, the projected sales of vases will be 2,000, and figurine sales will increase to 1,000 units. What is the new break-even point in units for each of the products