QUESTION 1 [16 Marks] In a bicycle manufacturing company the annual fixed cost is 45,000 and the annual total cost is 60,000. The variable cost for each bicycle is 50 and the sale price of a bicycle is 200. Q 1(a) [4 Marks] Calculate how many bicycles the company produces annually. [4 Marks] Q 1(b) Calculate the annual gross profit of the company at the production volume from Q1(a). Q1(c) [4 Marks] Calculate the unit cost of a bicycle. Q1(d) [4 Marks] Calculate how many bicycles the company has to produce annually in order to break even