Question 1 Luboh Pty Ltd has been manufacturing and selling gaming computers for the past 3 years. However, for the last 3 years ending 31 December, the business has not met its target profit level as anticipated by the management. Considering market demands and with the newly enhanced specifications, the Chief Financial Officer furnished the following budget structure for the upcoming year 2022. Selling price $3,145 Variable cost per computer $2,455 Annual fixed costs $250 000 Net profit after tax $550 000 Income tax rate 30% For the last 3 years, the business was only able to sell 1,300 computers and this number is expected to be similar in 2022. Required (show all calculations): 1) Based on the given cost and sales structure, compute the number of computers to (5 marks) be manufactured and sold to achieve its net profit after tax of $560,000 for the year ended December 2022. 2) The management accountant presented the following mutually exclusive alternatives (15 marks) to the Chief Financial Officer. Determine which alternative Luboh should select to achieve its targeted net profit after tax of $550,000. a. Reduce the selling price by $150. The sales department forecasts that at these significantly reduced prices sales will increase during 2022. Total fixed costs and variable costs per unit will stay as budgeted. Compute the number of computers must be sold to achieve the desired profit after tax. b. Lower variable cost per computer by $125 using cheaper computer parts and adding couple of extra features. Also, set the selling price to be $3,150 per computer. Compute the number of computers that must be sold to achieve the desired profit after tax. c. Reduce the annual fixed costs by $50,000 by signing a 5-year lease for a larger warehouse instead of currently leased two smaller warehouses. Also, reduce the selling price by 7% on the budgeted selling price, keeping the variable cost per computer as it is. Compute the number of computers that must be sold to achieve the desired profit after tax