3 (22 MARKS) Y2L Ltd is a new company which has been set up to specialise in manufacturing a new type of tent for sale to youth groups using a recently developed synthetic material. The forecast annual sales for 2022 are 2,560 tents. Production levels would be the same as the sales estimates. The Sales Manager predicts that the tents can be sold at a price of $318 each. Variable production costs, together with the overhead costs, are set out below: Variable costs of production: Synthetic material ($2 per sq. metre) Poles and pegs Labour ($8 per hour) Overheads: Rent of factory premises Lease of machine Other overheads Per tent ($) 20 6 40 $160,000 per year $136,000 per year $87,000 per year plus $2 per tent Required: Calculate: (a) (i) Break-even point (in units and sales dollars); (ii) Margin of safety, MOS (in units); (iii) Operating profit based on forecast yearly sales for 2022. (Show all workings clearly.) (8 m