PLEASE ANSWER EACH QUESTION CORRECTLY. IF SO, I WILL LEAVE AN UPVOTE!

Problem 6-24 (Algo) Companywide and Segment Break-Even Analysis; Decision Making [LO6-4, LO6-5] Toxaway Company is a merchandiser with two divislons-Commerclal and Residential. The company's accounting intern was asked to prepare segmented income statements the company's divislonal managers could use to calculate their break-even points and make decisions. She took the prior month's companywide income statement and prepared the absorption format segmented income statement shown below. In preparing these statements, the intern determined Toxowoy's onif variable seiling and administrative expense is a 10% sales commission on all saies. The company's total fixed expenses include $79,500 of common fixed expenses that wil continue even if the Commerciai or Residential segment is discontinued. $60,000 of fixod expenses that wil disappeor if the Commercial segment is dropped, and 538,000 of nived expenses that wit disappear if the Pesidenval segment is dropped: Required: 1. Do you agtee with the intern's decision to use an obsorption format for her segmented income statement? 2 Based on a review of the intern's segmented income statement a. How much of the companys common flxed expenses did she allociote to the Commetcial and Residential segmorts? b. Which of the followng three allocation bases did she most likely used to allocate common fixed eapenses to the Commerciat and Rosidenba segments: (a) sales, (D) cost of goods said, or (c) gross margin? 3. Do you agree wath the intern's decision to allocate common fied expenses to the Conimercial and Residental segments? 4. Redo the intern's segmented lincome statement using the contribution format. 5 . Compute the companywide break-even point in doller sales. 6. Compute the comparywide bre break-even point in doliar sales for the Commerclat Divislon and for the Residentiat ONhion for the Cominercial Divislon and vie Residential Oivision. Complete this question by entering your answers in the tabs below. Do you agree with the intern's decision to use an absorption format for her segmented income statement? Complete this question by entering your answers in the tabs below. Based on a review of the intern's segmented income statement, how much of the company's common fixed expenses did she allocate to the Commercial and Residential segrnents? Based on a review of the intern's segmented Income staternent, which of the following three allocation bases did she most: likely used to allocate common fixed expenses to the Commercial and Residential segments? Complete this question by entering your answers in the tabs below. Do you agree with the intern's decision to allocate common fixed expenses to the Commercial and Residential segments? Complete this question by entering your answers in the tabs below. Redo the intern's segmented income statement using the contribution format. Complete this question by entering your answers in the tabs below. Compute the companywide break-even point in doliar sales. Note: Round Intermediate calculations to 3 decimal places and final answer to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Compute the break-even point in doliar sales for the Commercial Division and for the Residential Division. Note: Round CM ratio to 2 declmal piaces and final answers to the nearest whole dollar amount. Complete this question by entering your answers in the tabs below. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total monthily salary of $16,000 and $32,000, respectively, and to lower its companywide sales commission percentage from 10% to 5%. Calculate the new break-even point in dollar sales for the Commercial Division and the Residential Division. Note: Round CM ratio to 2 decimal places and final answers to the nearest whole dollar amount