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T.W. Smitty, an emerging rapper, has reserved a recording studio for $25,000 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 10,000 CDs or $35,000 in sales, so T. W.is contemplating having his album cut at a classier (and pricier) studio. The cost of recording the album is $25,000 and copies are $1.00 a piece. The recording costs would rise to $35,300. 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) Correct What is the breakeven point for this new process? (Round answer to decimal places, the tolerance is +/- 1.) The breakeven point for Studio Als 11.767CDs b) (b) Your answer is partially correct. Compare this process to the process proposed in the previous problem. For what volume of demand should T. W choose the classier studio? (Round answer to the nearest whole number, the tolerance is +/- 1.) If sales volume than copies we should choose Studio A. e Textbook and Media Save for Later Last saved 55 minutes ago Saved work will be auto submitted on the due date. Auto- Attempts: 1 of 3 used Submit