Instructions: Respond to the questions below. You must show your work to receive credit. No credit will be given if work is not provided. Each student must submit their own. This bonus assignment is due by the beginning of class on 2/11. Late submissions will NOT be accepted - No exceptions. Prestige World Wide had the following cost information for the first half of the year. Month January February March April May June Units 800 1,200 1,800 1,600 1,500 1,000 Cost $10,000 $15,000 $22,000 $19,000 $17,500 $11,000 The selling price per unit is $20. Expected sales in July are 1,100 units Required: You will need to answer these questions in order. You will use your answers to solve for the following questions. Answer the following: 1. Using the Hi-Low method, what is the variable cost per unit? 2. Using the Hi-Low method, what is the fixed cost? 3. What is the contribution margin for July? 4. What is the operating leverage in July? 5. What is the breakeven point in July? In units and revenue dollars? 6. What is the margin of safety as a percentage in July