**Piedmont Fasteners Corporation Overview**Piedmont Fasteners Corporation manufactures three different clothing fasteners in its North Carolina facility. The products—Velcro, Metal, and Nylon—are sold in competitive markets where price increases could result in losing customers.Recent data regarding these products:- **Velcro** - Annual sales volume: 102,600 units - Unit selling price: $2.50 - Variable expense per unit: $1.25 - Contribution margin per unit: $1.25- **Metal** - Annual sales volume: 205,200 units - Unit selling price: $1.50 - Variable expense per unit: $0.75 - Contribution margin per unit: $0.75- **Nylon** - Annual sales volume: 418,400 units - Unit selling price: $0.80 - Variable expense per unit: $0.25 - Contribution margin per unit: $0.55Total fixed expenses are $410,400 per period, with potential savings if specific products are dropped:- Velcro saves $20,000- Metal saves $80,000- Nylon saves $60,000Common fixed expenses, including administrative salaries and costs related to the factory building, cannot be avoided unless the entire facility shuts down.**Break-even Analysis Methods**1. **Method #1:** Include traceable fixed costs plus a share of common fixed costs based on sales dollars for each product.2. **Method #2:** Include only traceable fixed costs for calculating the break-even point.**Required Tasks**1. Prepare a contribution format segmented income statement using the latest data.2. Calculate the overall break-even point in dollar sales for the company.3. Determine the break-even point in unit sales for each product using Method #1.4. Calculate the break-even point in unit sales for each product using Method #2.5. Decide which method is preferable for assessing each product's break-even point in unit sales.**Contribution Format Income Statement Preparation**Region is shown as an incomplete table with columns for Velcro, Metal, Nylon, and Total, awaiting data to be filled in. The completion of this table will provide insights for strategic financial decisions.

“Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Piedmont Fasteners Corporation makes three different clothing fasteners In Its manufacturing facility In North Carolina. All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable number of customers. Data from the most recent period concerning these products appear below: Nylon 410,400 Velcro Metal Annual sales volume 102,600 205, 200 Unit selling price 1.65 $ 1.25 S 1.58 $ 0.70 $ 0.80 $ e.85 Variable expense per unit Contribution margin per unit 8.25 e.48 $ 0.60 Total fixed expenses are $410,400 per perlod. Of the total fixed expenses, $20,000 could be avoided If the Velcro product is dropped, S80,000 If the Metal product is dropped, and $60.000 If the Nylon product is dropped. The remaining fixed expenses of $250,400 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by golng out of business entirely. The company's managers would like to compute the break-even polnt in dollar sales for the company as a whole, and the break-even point in unit sales for each product. They are considering two methods for computing each product's break-even point unit sales: Method #t. Include each product's traceable fixed costs and an allocated share of the common fixed costs in the numerator of each break-even calculation. The common fixed costs would be allocated to the three products using sales dollars 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 polnt in dollar sales? 3a. Calculate the break-even polnt 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?