Case Study: Financial Analysis of ABC Manufacturing CompanyOverviewABC Manufacturing Company specializes in producing high$-$quality widgets. The company is considering expanding its production capabilities and wants to understand its current financial performance to make an informed decision. As a managerial accounting student, your task is to analyze the provided financial data, calculate key financial metrics, and make recommendations based on your findings.Financial DataFor the fiscal year ending December $31,2023,$ ABC Manufacturing Company has provided the following financial information:Sales Data:Total units sold: $50,000$Sales price per unit: $$40$Cost Data:Direct materials cost per unit: $$10$Direct labor cost per unit: $$12$Variable manufacturing overhead per unit: $$5$Fixed manufacturing overhead: $$150,000$Variable selling and administrative expenses per unit: $$2$Fixed selling and administrative expenses: $$100,000$Inventory Data:Beginning inventory: $5,000$ unitsEnding inventory: $7,000$ unitsInstructionsCalculate the following:Total Sales RevenueTotal Variable CostsTotal Fixed CostsCost of Goods Manufactured $($COGM$)$Cost of Goods Sold $($COGS$)$Gross ProfitOperating IncomePrepare a Contribution Margin Income Statement.Break$-$even Analysis:Calculate the break$-$even point in units.Calculate the break$-$even point in sales dollars.Margin of Safety:Calculate the margin of safety in units.Calculate the margin of safety as a percentage.Recommendations:Based on your analysis, provide recommendations on whether ABC Manufacturing should expand its production capabilities. Consider factors such as profitability, cost structure, and financial stability.

Please show calculations!