[Problem 1 - CVP] Parkins Company produces and sells a single product. The company's income statement for the most recent month is given below: Sales (6,000 units @ $40 per unit) $ 240,000 Less: manufacturing costs Direct material $ 48,000 Direct labor 60,000 Variable factory overhead 12,000 Fixed factory overhead 30,000 150,000 90,000 Gifoss margin Less: Selling and other expenses Variable selling and other expenses 24,000 Fixed selling and other expenses 42,000 66,000 Net operating income $ 24.000 There are no beginning or ending inventories. Required: Required: (a) Compute the company's break-even point in units. (5 points) (b) What would the company's net operating income be if sales increased by 25% and there is no change in total fixed expenses? (4 points) (c) What dollar sales must the company achieve in order to earn a net operating income of $50,000 per month? (3 points) (d) The company has decided to automate a portion of its operations. The change will reduce direct labor costs per unit by 40 percent, but it will double the costs for fixed factory overhead. Compute the new break-even point in units. (5 points)