3. Cost-Volume-Profit (III): 6 marks Starcream Company manufacture basketball hoop and stands. They have been in operation for 25 years working in New Zealand. The managing director, Fallen, received a report from the management accountant of the firm which included the information such as sales volume, sales revenue, and total costs for the first half of 2020 and show in the below table. (Hint: Present your answer in both parts to the nearest whole number) Month Sales volume Sales revenue Total costs January 1,500 $225,000 $167,500 February 1,100 $165,000 $149,500 March 1,025 $153,750 $146,125 April 1,250 $187,500 $156,250 May 1,050 $157,500 $147,250 June 1,075 $161,250 $144,060 TOTAL 7,000 $1,050,000 $910,685 Required: (a) Calculate the selling price per unit. (b) Use the High-Low method to calculate: (i) Variable cost per unit. (ii) Quarterly fixed cost. (6 marks)