8.(i). The following information relates to two companies in a period of one month. Both produce car components. They both have a profit target of Rs.6,000 for the month. Company S Company T 10,000 12,000 Output (units) Selling price per unit Variable cost per unit Fixed overhead for period Rs.8 Rs.6 Rs.14,000 Rs.7 Rs.4 Rs. 15,000 Calculate the break even point, P/V ratio and Margin of safety? Which Company has the higher break-even point and why? (3 marks) 8(ii). An electrical repair service company has produced the following budget for the year ahead: Total Office repairs Rs. 45,000 House repairs Rs. 24,000 Rs. 69,000 Received from customers Variable costs Fixed costs (apportioned) Profit / (loss) (24,000) (7,000) (18,000) (8,000) (42,000) (15,000) 14,000 (2,000) 12,000 The fixed costs, which relate to rent and insurance, will be incurred irrespective of the type of activity carried out. Should the company close the operations of house repairs? Why or why not