PART A - [21 Marks] Fin Corporation manufactures and sells computer products. The following data have been extracted from the corporation current year's budget: Sales and production (units) 10,000 Variable cost per unit $100 Fixed cost per unit $140 Contribution margin ratio 80% The selling price per product for next year is to be 8% above the current year's budgeted figure, whereas both the variable cost per product and the total fixed costs are forecast to increase by 12% above their budgeted level in the current year. The target for next year is that total profit should remain the same as that budgeted for the current year. Required: a) Calculate for the CURRENT YEAR the budgeted: i. contribution per unit;II) total profit iii) break even point in dollars

b) calculate the number of units which the company should produce and sell next year in order to achieve the target level of profit