COST VOLUME PROFIT ANALYSIS _ Yun Candles Yun Candles Inc (YCI) is a large manufacturer of scented candles. They do not sell directly to the customer as they rely on a network of distributors and retailers to sell their candles. Their costs are summarized below: Wax I 0.72 cents per candle Wick I 0.08 cents per candle Candle jar I 1.12 per candle _Fixed Manufacturing Overhead Rate ISZ.60 per candle Fixed marketing and selling costs | $2,450,000 per year YCI has a budgeted production of 6,800,000 candles per year. The selling price for the candles is normally $9.99. 1. Determine the contribution margin per candle AND the gross margin per candle. 2. What is the breakeven quantity for YCI? 3. In your own words, explain the concept of breakeven quantity