Hardware Engineering Inc. is making a product for the Asian/African market. The following cost data for the product has been compiled. Item Cost Selling price (r) $195/unit Materials and purchased parts cost $30/unit Direct labor cost 2 hrs at $22.5 per hour $20 Operating and maintenance (0 & M) cost per unit Fixed cost $1,650,000 Given that the variable cost per unit (v) includes direct labor cost, the overhead expenses (which is charged at 200% of the material and purchased parts cost), O& M Cost, and the cost of materials/purchased parts. Given Q as the total number of quantity produced in a year: a) Write the total cost relation for the year. b) Calculate the annual breakeven quantity for this product. Determine the total profit and profit per unit if 120% of the annual breakeven quantity is sold d) To reduce the annual breakeven quantity to 25,000 units, what should be the selling price? c)