Handwritten solution

Question 1 An engineering consulting firm measures its output in a standard service hour unit, which is a function of personnel grade levels in the professional staff. The variable cost is 62$ per standard service hour. The charge-out rate (selling price) is 85.56 per hour. The maximum output of the firm is 160,000 hours per year, and its fixed cost is 2,024,000 per year. For this firm. 1 What is the breakeven point in standard service hours? 2- What is the percentage reduction in the breakeven point if Fixed cost is reduced by 10%? 3- What is the percentage reduction in the breakeven point if variable cost per hour is reduced by 10%? Given: Cv = 62 P= 85.56 D=160,000 CF = 2,024,000