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Crane Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $28,600 in fixed costs to the $280,800 currently spent. In addition, Crane is proposing that a 5% price decrease ($40 to $38) will produce a 25% increase in sales volume (20,800 to 26,000). Variable costs will remain at $25 per pair of shoes. Management is impressed with Crane's ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.
Problem A) Compute the current break-even point in units, and compare it to the break-even point in units
Problem B) Compute the margin of safety ratio for current operations and after Crane's changes are introduced. (Round answers to 0 decimal places, e.g. 15%.)
Problem C) Prepare a CVP income statement for current operations and after Crane's changes are introduced.
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