please assist with question 3

Statement of Compreh In addition lo the above, the following information is available: Ail sales and purchases of inventory are on credit, Inventories on 31 December 2020 amoumed to RI 500 000. Credit terms of 5/10 net 90 days are granted by creditors. Credit lerms of 60 days are grathed b deblars: Dividenids declared for the years ended 31 December 2021 and 2022 amounted 10 R1 169280 and R1 $22000 respectively. The financial manager of Orbit Limited provided the following forecasts for 2023 : Sales are estimated at 8000 units with a selling price of R1 800 each. The manufacturing costs include direct materiais of R460 per unit, direct labour of R315 per unit, variable overheads of R170 per urit and fxed overheads of R880 000. Fixed selling and administration cosis are estimated at R2000000 and the variable solling costs are estimated to be 7.5% of sales. The directors are contemplating diversification in 2024 by entering the passenger transport market. This could be achievad through the purchase of a fleet of midi buses that are expected to cost R9500000. An addiconal R500 000 wil be spent on import duties. The cost of operating the buses each year is expected to be R 100000 and the annual revenues from transporting the passengers are estimated al R7 000000 . The bus ORBIT LIMITED; FINANCIAL PERFORMANCE AND FORECASTING The mission of Orbit Limited is to achieve its vision by providing an innovative product and creative customer experiences. Irs talented staff are guided by the values, social conscience and customer-centric mindset espoused by the board of directors. At the core of Orbit Limiled is its customers. The company is committed to successful growth by delivering excellent service to its customers to whom it offers quality and value. It is for these reasons that Orbit Limited was able to achieve success in the marketplace. However, the management has identified the need to improve in certain respects. The following are the financial statements for the past two years: REQUIRED Refer to the forecasts made by the financial manager for 2023 and calculate the following independently. As far as possible, use the contribution margin format of the income statement to present your answers. 3.1. Break-even quantity. (5 marks) 3.2 The sales value required to make an operating profit of R2016000, by using the contribution margin ratio. (5 marks) 3.3 The percentage change in the operating profit (expressed to two decimal places), if the selling price and fixed costs increase by 10%. (5 marks) 3.4 The total Contsibution Margin and Operating ProfitlLoss if the sales volume is 10% below expectation. (5 marks) 3.5 The seling price per unit (expressed in rands and cents) that will enable the company to breakeven