Gizmo Inc. produces three models of a certain product: Standard, Deluxe, and Super. Relevant data: StandardDeluxeSuper Sales in units Price per unit Variable cost per unit 12,000 85 34 5,000 120 45 3,000 166 84 Fixed costs are $1,000,000 Compute Gizmo's breakeven point in sales dollars with the current sales mix Compute Gizmo's current margin of safety What is forecast net income at sales of $2,400,000 given the current sales mix? Marketing Department has proposed a sales promotion costing $40,000 with a focus on one model only Depending on which model is chosen, the promotion is expected to increase sales of Standard by 11%, Deluxe by 15%, or Super by 20% Should the campaign be approved, and if so, which model should it promote? Explain, with relevant calculations. b) c) d)