Objective 1 Problem Jack and Jill's Grocery is manufacturing a \"store brand\" chocolate bar that has a variable cost of $075 per unit and a selling price of $1125 per unit. Under the current system, xed costs are $12,000 and current volume is 50,000 units. The Grocery can substantially improve the product quality by adding a new piece of equipment at an additional xed cost of $5,000. Variable cost would increase to $1.00, but their volume should increase to 70,000 units due to the higher quality product. a) Should the company buy the new equipment? Explain and support your answer by showing all calculations. b) What are the break-even points in dollars and units for the two processes presented above? c) What volume of output will yield a prot of $35,000 under each scenario? Objective 2 Problem Crank and Battery Auto Works is a local auto repair shop operated by two brothers, Jim and Jerry. The brothers have been collecting data for the past 30 days on the type of work performed on customers' cars. The two brothers have hired you as a business manager and have asked you to summarize historical data collected using: (a) a histogram; (b) check sheet; (3) and Pareto diagram. You must also prepare a short report/analysis that summarizes your ndings. Use who complete draw the histogram and Pareto Chart, Ticket No. Work Ticket No. Work Ticket No. Work 1 Tires 11 Brakes 21 Lube 8L oil 2 Lube 8r oil 12 Lube 5( oil 22 Brakes 3 Tires 13 Battery 23 Transmission 4 Battery 14 Lube 8L oil 24 Brakes 5 Lube 8t oil 15 Lube & oil 25 Lube 8L oil 6 Lube 81 oil 16 Tires 26 Battery 7 Lube & oil 17 Lube 81. oil 27 Lube 8L oil 8 Brakes 18 Brakes 28 Battery 9 Lube 8! oil 19 Tires 29 Brakes 10 Tires 20 Brakes 30 Ti res Page 1 of 1 319 words II! English (United States) W Focus _v_+ 116%