Current Attempt in Progress T. W. Smitty, an emerging rapper, has reserved a recording studio for $11,000 to cut his first album, called Smart Rap. T. W. Smitty is confident that demand for his Smart Rap album will substantially exceed the breakeven point of 4,400 CDs or $15,400 in sales, so T. W.is contemplating having his album cut at a classier (and pricier) studio. The cost of recording the album is $11,000 and copies are $1.00 a piece. The recording costs would rise to $15,700. However, since this new studio works with very high volume, production costs would fall to $0.50 per vinyl album. The vinyl albums are priced at $3.50 each. (a) What is the breakeven point for this new process? (Round answer to 0 decimal places, the tolerance is +/- 1.) The breakeven point for Studio A is CDs. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Patricia Zell, a dollmaker from Olney, Maryland, is interested in the mass marketing and production of a ceramic doll of her own design called Tiny Trisha. Zell has two manufacturing options. Option 1 requires an initial investment of $50,500 for plant and equipment, with labor and material costs of $200.00 per doll. Option 2 requires $101,600 for P&E, but only $175.00 for labor and materials. The doll will sell for $245.00. (a) What is the breakeven point for Option 1? (Round answer to the nearest whole number, the tolerance is +/- 1.) The breakeven point for Option 1 is dolls. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit