Question 1(a): Jamil Electronic Company manufactures a component for Autonomous Underwater Vehicle AUV. Significant financial data are given in Table Q1. Variable overhead cost, fixed cost and the sales revenue amount are computed in monthly basis. Determine the following;

(i) The breakeven point for this monthly operation;

(ii)The margin of safety

Important note: Please, I want a step-by-step solution

Table Q1 Item Selling Price (OMR/unit) Amount Labor cost per unit (OMR/unit) Material cost per unit (OMR/unit) Variable overhead (OMR) 17 1,516 Fixed cost (OMR) Sales Revenue (OMR) 11,326 67,259