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In: Accounting5 Maybelline recently introduced a high-end lip balm called BabyLips. The national target market is...5 Maybelline recently introduced a high-end lip balm called BabyLips. The national target market is female, age 24 – 34, income$45,000 and higher. The current price is $4.90. Fixed costs areestimated at $8,775,000. Variable costs are currently $2.55.Maybelline believes that it can reduce cost of goods sold, due tofavorable contract negotiations with ingredient suppliers for sheabutter, centella and anti-oxidants. As a result, variable costs arepredicted to decline by $0.50. Maybelline is debating whether topass the cost savings on to the consumer or to maintain the currentprice. What would be the change in Maybelline's breakeven volume(in tubes, +/-) if the company maintains the current price? Roundyour answer to the nearest whole number. please show work6 Maybelline is contemplating the introduction of a high-end lipbalm, tentatively called Baby Lips. The national target marketwould be female, age 24 – 34, income $45,000 and higher. Theanticipated price would be $4.35. Fixed costs are estimated at$7,250,000. Variable costs will be $2.05. The market for thisproduct category is estimated to be 22,500,000 tubes. What marketshare would Maybelline need to capture in order for Baby Lips tobreakeven? Report your answer as a percent, rounded to one decimalplace. please show work
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