A) Apple Inc. sells its iPhones for $1,000 per unit. The variable cost per unit, including materials and labor, is $600, and the total fixed costs, including overhead expenses, are $3,000,000.

i) Calculate the contribution margin per unit.

ii) Determine the break-even point in units.

iii) Calculate the break-even point in sales dollars.

iv) If Apple wants to generate a profit of $2,000,000, how many iPhones must it sell? (10 marks)