Data Table the pasteet dollar -X Total sales revenues 2 Number of units produced and sold 500,000 units Selling price nt. $ 230,000 te Operating Income Total Investment in assets Variable cost per unit Fixed coats for the your Print Done Requirements - X 2 $2,500,000 350 jowe 2.850 000 1. Find (a) total sales revenue, (b) selling price, (c) rate of return on investment, and (d) markup percentage on full cost for this product. 2. The new CEO has a plan to reduce fixed costs by $250,000 and variable costs by $0.50 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as in requirement 1, calculate the new selling price. 3. Assume the CEO Institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower product quality resulting in 5% fewer units being sold compared to before the change Calculate operating Income (loss) 4. What concems, if any, other than the quality problem described in requirement 3. do you see in implementing the CEO's plan? Explain briefly hits Print Done The new chief executive officer (CEO) of Rodriguez Manufacturing hes asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing the icon to view the variety of operations information.) Click Read the requirements. Requirement 1. Find (a) total sales revenue, (b) selling price, (c) rate of retum on investment, and (d) markup percentage on full cost for this product Begin by calculating the (a) total sales revenue. Rearrange the income statement formuin to solve for the amount. Sales revenue (Round your answer to the nearest cont.) (b) The saling price per unit is Choose from any list or enter any number in the input fields and then continue to the next question. (c) Calculate the rate of return on investment Determine the formula you will use and then enter the amounts. (Round the return on investment to the nearest whole percentage.) Return on investment ) = (d) Calculate the markup percentage on full cost for this product Determine the formula you will use and then enter the amounts. (Enter the per unit amounts to the nearest cent. Enter the markup as a percentage rounded to two decimals.) > = Markup on full costs } = Requirement 2. The new CEO has a plan to reduce fixed costs by $250,000 and variable costs by $0.50 per unit while continuing to produce and sell 500,000 units. Using the same markup percentage as n requirement 1, calculate the new selling price. Begin by calculating the new total revenues. (Round your answer to the nearest whole dollar.) New fixed costs New total variable costs New total costs Markup percentage New total revenues (Round your answer to the nearest cant.) The new selling price is Requirement 3. Assume the CEO institutes the changes in requirement 2 including the new selling price. However, the reduction in variable cost has resulted in lower product quality resulting in 5% fewer units being sold compared to before the change Calculate operating income (loss). (Enter operating losses with a minus sign or parentheses.) Sales revenue Variable costs Contribution margin Fixed costs Operating income (loss)