8.1 The Honey Bee produces local honey The firm's source uncut honey frombee keepers and bottle the honey for the local trade. Activities for 2023 was as follows 1 11 111. IV. V. VI. Honey sourced frombee keepers at a cost of$18 per unit Bottling and labelling cost is $7 per unit The firm pays for distribution at a cost $3 per unit Trade and licensing fees amount to $2 per unit Fixed operating consists of administrative expenses of $800,000 pa, production costs of $600,000; and management fees of 400,000 pa. The honey is sold for $120 per unit Required 3 a. Determine the total variable cost per unit, and the total annual fixed costs b. Determine the number of units that must be sold in one year in order for the firm to achieve its break-even point S. Assuming that firm has a maximum annual output capacity of 50,000 units construct a properly labelled contribution break even graphto illustrate the activities for 2023 d. Calculate the level of sales in units required in order to achieve after-tax profits of $1.080.000 The taxrate is 25% Based on plans to export to the CARICOMregion the firm is planning to diversify its product line in 2023 by producing premiumhoney and bees wax the following data is provided Selling Price (S) Vanable Cost (S) Premium Honey 150 45 Bees Wax 60 25 It is anticipated that the premium honey will account for 80% of the sales, with the remainder coming from bee's wax. The fixed costs above would be increased by an additional $930,000 per annum e. Determine the expected break even in units for the two product lines f What levels of sales in unit would be required for the two products in order to achieve a target profit of $455,000? Ignore Tax.