ORS311T - 2021-S2 b) Leholo owns a start-up called Pat Toys. He plans to invest R120, 000. The variable cost of each toy is R120 and selling price is R250. i) How many toys does the company need to sell in order to break even? Marks] [4 If variable cost of toys in (1b) is increased to R180 due to inflation. Leholo decides to sell each toy for the price of R380 with a monthly production volume of 2200 toys and fixed cost of R380,000 only. i) Determine the total production cost of the toys. Marks] [2 ii) Determine total revenue generated from monthly sales. Marks] [2 iii) What is the profit made after the sales of the monthly volume? [2 Marks] WEdit with WPS Office 2