BREAK - EVEN POINT MMC Ltd has budgeted to sell 50,000 units of its product in December. The following further budgeted information has been prepared for the month: Selling price $80 per unit Direct Labour 4 hours per unit @ $6 per hour. Direct materials 4kg per unit @ $4 per kg. Variable production overheads $4 per direct labour hour. Variable administration overheads $5 per unit. Variable selling overheads $4 per unit. Fixed overheads total for the month $273,750 REQUIRED (a) Prepare a budgeted profit statement for December in a marginal costing format both in $ per unit and total $ (value). (b) Calculate the break-even point, in units, for the month and the margin of safety as a percentage of budgeted sales. (c) Prepare a conventional break-even chart on the graph paper provided, with sales measured in units, clearly showing: (i) The break-even point (ii) The margin of safety The company is considering installing new machinery which would increase the fixed overheads by $53,750 per month but would reduce direct labour time by one hour per unit. (d) Calculate the revised break-even point, in units, for the month and the revised margin of safety as a percentage of budgeted sales