1. Steps Inc sells step aerobic class equipment. The equipment sells for $15 / unit. The variable Cost is $10 per unit and fixed costs are $1,750,000. What are number of units the company must sell if the company wants to achieve a target profit of $400,000? You can use your class problem on this one to help you. 2. Bowflex produces two types of weights: high and low density. Both types of weights go through a joint production process where the steel is melted and molded. The joint process costs a total of $150 per batch. After the split-off point, high-density steel goes through an additional compression process, whereas low-density steel is immediately sold for $2 per pound. One batch produces 200 pounds of low-density steel and 120 pounds of high-density steel. The additional processing of the high-density steel costs $135 per batch, and the high-density steel is then sold for $3 per pound. a) Calculate the joint production cost to be allocated to the low- and high-density steel using the physical units method. b) Calculate the joint production cost to be allocated to the low- and high-density steel using the net realizable value method