The problems in this assignment are designed to assess your knowledge of and your ability to apply the material covered in this module's readings (Chapter 5). This assignment will require a number of calculations, so be sure to allow an appropriate amount of time to work through it. Please be sure to read the chapters of your text and complete the Connect practice problems for this module prior to attempting this assignment. You will want to have practice applying these concepts before being assessed. This assignment will be graded for accuracy, and you will only receive credit for correct answers. You may use your book, but collaboration of any kind with another student is prohibited. Problem #1: Break Even Point and CVP Analysis The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes plus a small base salary. The following data pertains to Shop 48 and is typical of the company's many outlets: Per Pair of Shoes Selling Price $ 40,00 Variable expense: Invoice cost. $ 19.50 Sales commission. 4.50 Total variable expenses... $ 24,00 Annual Fixed expenses: Advertising $ 30,000 Rent 24,000 Salaries 120.000 Total fixed expenses $ 174.000 Requirements 1. 2. What is Shop 48's annual break-even point in unit sales? What is Shop 48's annual break-even point in sales dollars? 3. if 9,975 pairs of shoes are sold in a year what would be Shop 48's net operating income (los)