1. CVP Analysis (6pts): Destiny Calling, Ltd. produces and sells a single product, cellular phones, with the following information: Per unit: Per month: Selling price $599.00 Variable manufacturing costs: Direct Materials $175.50 Direct Labor $95.75 Variable Factory OH $41.80 Fixed manufacturing costs (Fixed OH) $921,460 Variable selling and administrative costs $11.45 Fixed selling and administrative costs $497,235 a. (0.5pts) How many cell phones need to be sold per month in order to break even (round your answer up to the nearest whole unit). b. (0.5pts) How many cell phones need to be sold per month in order to earn a target profit of $600,000 per month (round your answer up to the nearest whole unit). C. (0.5pts) Assume the company sells 7,000 cell phones during the month ended January 31st, 2021. What is the firm's margin of safety (in dollars) for the month. d. (2pts) Assume the company sells 7,000 cell phones during the month ended January 31, 2021. Prepare a contribution margin income statement for the month ended January 31, 2021 at the current sales volume of 7,000 units. e. (2.5 pts total) The production manager at Destiny Calling predicts the following changes in the CVP variables for the upcoming month of February: Fixed costs will increase by $65,000. Variable costs will increase by $25.00 per unit. Sales volume will decrease by 20% from the current January sales volume of 7,000 units. Selling price per unit will increase by 15%. 1) 0.5pts How many cell phones need to be sold in February in order to break even assuming all of these changes occur in February (round your answer up to the nearest whole unit)? 2) 2pts. Prepare a Contribution Margin income statement for the month ended February 28th assuming all of these changes occur