Question 1 Ben Tighe has a small business which manufacturers small toys. He has produced a summary of his costs and revenues below and has asked you to produce some management information. Fixed Costs: = 300,000 Variable Cost: = 20 per unit Forecast output (Sales): = 20,000 units Selling Price: = 50 per unit Required: a) Calculate the Breakeven points in Units 3 Marks b) Calculate the Margin of Safet 3 Marks PASTI DATION PAPER c) Draw a Breakeven graph which clearly states the Breakeven point 8 Marks d) Evaluate the usefulness of break-even analysis. 6 Marks 20 Marks