Al Maqsha Furniture manufactures and exports large size tables to be used in the offices of the executives. One table is sold for $400. The company is tryig to redesign their pricing strategy so they consulted you to assist them in this concern. The data for 20120 is as follows: $120 $60 $20 $600,000 $40 Manufacturing costs: Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Non-manufacturing costs: Variable selling administrative per unit Fixed selling administrative Inventory: Opening Production during 2010 Units available for sale Sales $900,000 0 10,000 10,000 9,000 Closing inventory 1,000 Requirements; 1. Prepare the income statement using variable and absorption costing. 2. Compute breakeven point in units using both costing methods. 3. The company forecasted that manufacturing cost will increase by 5% in the next period. In addition, the company will experience a drop in sales by 10% the next period due to the incresse in compatetion in the international market. Present two proposals on possible selling price adjustments the company should implement to be sustainable in the next 5 years. Place it in a PPT presentation. You can also use your answers in requirement 1 and 2 to justify your proposals