Please show all work!

Johnson Company has developed a new product that will be marketed for the first time during the next fiscal year. Although the Marketing Department estimates that 35,000 units could be sold at $39 per unit, Johnson's management has allocated only enough manufacturing capacity to produce a maximum of 25,000 units of the new product annually. The fixed expenses associated with the new product are budgeted at $300,000 for the year. The variable expenses of the new product are $24 per unit. Required: Show all work to get credit. a. Prepare a CVP Income Statement and determine the profit Johnson would earn on the new product if all the manufacturing capacity allocated by management (25,000 units) is used and the product is sold for $39 per unit? b. Compute the break-even point for Johnson Company in units. Use the contribution margin technique. Show work. c. What is the company's margin of safety in dollars? d. What is the degree of operating leverage for the new product if 25,000 units are sold for $39 per unit? e. What does the number you compute in item (d) above mean? f. Johnson's management has stipulated that the new product must earn a profit of at least $250,000 in the next fiscal year. What unit selling price would achieve this target profit if all of the manufacturing capacity allocated by management is used and all of the output can be sold at the selling price? Bonus 2pts. Why do companies compute the margin of safety