Question 1 Chelsea Inc. manufactures and sells Steel golf Shafts. The following are forecast for january 2022: Estimated cans of sales 10,000 units Selling price per unit 10.00 Direct materials per unit 2 pounds of steel at 80.40 per pound 0.5 pounds of alloy at $3.00 per pound Direct labor per unit $2.60 per unit Manufacturing Overhead Variable Overhead S1.10 per unit Plant and equipment depreciation 520,000.00 per month Miscellaneous $15,000.00 per month The plant and equipment depreciation and miscellaneous costs are fixed and all other costs are variable. Plant capacity is 20,000 units monthly. (5 marks) ii. Compute the company's new breakeven point in both units and Dollar. Use the contribution formula method