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 February March April May June 1,500 1,100 1,025 1,250 1,050 1,075 7,000 $225,000 $ 165,000 $153,750 $187,500 $157,500 $161,250 $1,050,000 $167,500 $149,500 $146,125 $156,250 $147,250 $144,060 $910,685 TOTAL 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)