1. Baldwin has negotiated a new labor contract for the nextround that will affect the cost for their

1. Baldwin has negotiated a new labor contract for the nextround that will affect the cost for their product Bid. Labor costswill go from $3.00 to $3.50 per unit. In addition, their materialcosts have fallen from $6.80 to $5.80. Assume all period costs asreported on Baldwin’s Income Statement remain thesame.    If Baldwin were to pass on half the newcosts of labor and half the savings in materials to customers byadjusting the price of their product, how many units of product Bidwould need to be sold next round to break even on the product? Select: 1 The Andrews company currently has the following balances intheir equity accounts:     CommonStock         $19,338

    Retainedearnings      $25,800 2. Suppose next year the Andrews company generates $46,300 inNet Profit, and declares and pays $16,000 inDividends.   What will Andrews ending balance inRetained Earnings be next year? Select: 1 . . .

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