Back Lanak-even analysis Name Box instructions: read the case descriptions posted below and answer the associated break-even questions. Show your work both by constructing tables and defining formula as we did in class. Question 1: Candlehaven Inc. Suppose Candlehaven Inc. is considering selling a new lavender-scented oil. Suppose that a 8 oz. container will sell for $18.99 Estimated fixed costs associated with this product total $32,000 per month, while variable costs per unit are $9.90 per unit 1. What is Candlehaven's break-even number of units for lavender oil? 2. What is Candlehaven's break-even revenue for lavender oil? 3. If Candlehaven estimated sales of 19,000 units of lavender oil in a month, what would their breakeven selling price be? Question 2: Runners Emporium Suppose Runner Emporium, a large sporting goods store focused on athletic shoes and sports apparel, is considering selling a new type of running sneaker, the Viper 6. Suppose the sneaker retails for $115.00 a pair. Estimated monthly fixed costs associated with this product include $7,000 per month in managerial salary and administrative support, $4,500 in equipment depreciation, and $4,600 for rental facilities, utiltiles, and other overhead. Variable costs include $29.50 in labor assembly, $8.50 in consummable supplies, and $37 in materials (leather, foam, laces, plastics, etc.) 1. What is Runner Emporium's break-even number of units (or pairs of Viper 6 sneaker) for the month? 2. What is Runner Emporium's break-even revenue target for the Viper 6? 3. If Runner Emporium's estimates sales of 180 pairs of Viper 6 this month, what is their breakeven selling price?