Question 1: Falcon Company manufactures thecamera system ofa DRONE assembly. Its manufacturing assemblyplant is located at the middle east, and started its operation in the year 2010. The company exported eighty percent of its production to the American and European drone companies. It has at least three competitors producing the same line of product for drone assembly in China, South Korea and India. The CEO or Chief Operating Officer of Falcon company is looking forward on its companystrategies to cope up with the stiff competition in the market. Selling price, raw material costs, labor costs, and distribution costs are just some of the items that the CEO are keen of considering for possible financial analysis. He directed his operation manager, purchasing manager, and finance manager for an urgent meeting to discuss this matter. The meeting will be focusing on the strategies to further reduce company's cost of production, and other product related and overhead costs. Thecompany estimated monthly costs and monthly sale revenues for this operation are given in Table Q1. Allcosts are monthly basis except the company taxes. To start withthe analysis, the officers determine the following; (i) The breakeven point for this situation;[7 marks] (ii)Contribution margin;[5 marks] (iii) Using a production range from zero to 10,000 units a month, develop the following cost-volume-profit graphical presentations and explain their significance; (a) A breakeven chart ;[4 marks] (b) A profit-volume graph.[4 marks] (iv)Discuss possible strategies of the company to decrease breakeven point, contribution margin, and increase profitability without having risk of losing the market share.[5 marks] [Total 25 marks]

please show all the steps in details for my better understanding and answer all the part of the question

Table Q1
Items	Unit	Amount
Total Revenue	OMR	2,092,800
Total Sales quantity	units or pieces	8,720
Direct Labor Cost	OMR	60,790
Direct Material Cost	OMR	1,060,600
Other Variable expense	OMR	1,900
Management Salaries	OMR	19,330
Utilities (electricity, water, communications)	OMR	10,690
Advertising Expense (80% Fixed , 20% Variable)	OMR	104,460
Interest Expense	OMR	3,190
Distribution Expense(80% Fixed, 20% Variable)	OMR	50,690
Selling and Commission (90% Fixed and 10% Variable)	OMR	14,390
* Taxes (annual)	OMR	3,767,040
Note: * Total tax annually