IMPORTANT: Rounding instructions For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. For example, 123456 would be the correct format. For percentage, round your answer to the nearest 1%. Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.2568 (which equals to 25.68%), 26 would be the correct format. For number of units, round your answer to the nearest integer. Do not include "units" in your answer. Do not use comma separators. For example, 123456 would be the correct format. b. Bowtie Ltd only produces one product. The selling price per unit is $15. The variable cost per unit is $12. The total fixed cost for August 2021 is $60,000. In August 2021, 30,000 units were sold. i. (1 mark) The contribution margin ratio is %. ii. (1 mark) The breakeven sales in dollars is $ iii. (1 mark) The breakeven sales in units is units. iv. (1 mark) The actual total sales (in dollars) in August 2021 is $ v. (1 mark) The margin of safety in dollars is $ vi. (1 mark) The margin of safety ratio is %. vii. (1 mark) Which ONE of the following statements is correct for August 2021? OTotal sales can be reduced by $160,000 before a loss occurs. 020% of the total sales can be used to cover the fixed cost and generate profit. OBowtie Ltd does not make any gain or loss. OThe total sales can be reduced by 35% before a loss occurs. c. Cabanas Ltd only produces one product. The unit selling price is $500 per unit. The variable cost per unit is $300. The fixed cost for September 2021 is estimated to be $20,000 in total. The target profit for September 2021 is $80,000. i. (1 mark) The total sales in dollars required to achieve the target profit is $ ii. (1 mark) The total sales in units required to achieve the target profit is units