Krunchy manufactures potato chips. The bag of chips is sold for $1.50 to retailers. Management estimates the following revenues and costs at 100% of capacity. Net sales 3,000,000 Selling expensesvariable $35,000 Direct materials 700,000 Selling expensesfixed 14,000 Direct labour 1,000,000 Administrative expensesvariable 15,000 Manufacturing overheadvariable 400,000 Administrative expensesfixed 30,000 Manufacturing overheadfixed 170,000 Instructions a. How much is net income for the year using the CVP (cost volume profit) approach? Present solution in CVP income statement format. b. Calculate the break-even point units and dollars. c. How do you know if the company has or has not achieved break even. d. With the same level of unit sales, how can the company become more profitable. e. What is the total of the non manufacturing costs.