As a newly hired management accountant, you have been asked to prepare a profit plan for the company for which you work. As part of this task, youve been asked to do some what-if analysis. Following is the budgeted information regarding the coming year: Selling price per unit $ 100.00 Variable cost per unit 70.00 Fixed costs (per year) 1,200,000. 1)What is the breakeven volume, in units, for the coming year? 2) Assume that of the $70 variable cost per unit the labor-cost component is $25. Current negotiations with the employees of the company indicate some uncertainty regarding the labor-cost component of the variable cost figure presented above. What is the breakeven volume in units if selling price and fixed costs are as planned, but the labor cost for the coming year is 4% higher than anticipated? What if labor costs are 6% higher than anticipated? What if labor costs turn out to be 8% higher than anticipated? Please use What-If Analysis and show calculations in MS excel.