Calculating breakeven points for two products

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June 7th, 2024

Assignment number 7:Assignment number 7 is due no later than 11:59pm on Sunday, August 2.NOTE: This problem has a value of 3.25% of the final grade.Objective: Calculating breakeven points for two productsAssignment information:College Legends Collectibles, Inc. (CLC) has contracts to sell autographed memorabilia from former college footballgreats. CLC sells signed photos for $120 each and signed mini-helmets for $160 each. CLC’s variable costs include, but arenot limited to, the amount paid to the former college football greats and the cost of the photo or mini-helmet. Variablecosts for each item total 25% of their selling price. CLC expects to sell one signed photo for every three signed minihelmets. CLC’s annual fixed costs are $85,500.Required:Compute the following: Make sure you clearly show all calculations:1. How many of each type must CLC sell to break even?2. How many of each type must CLC sell to earn an annual profit of $67,500?Answers only are worth a maximum of 50%!Round answers to whole units.I will not search individual cells in EXCEL to see if you understood the material!

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