Question 2 Master Ltd. makes and sells a single product. The current selling price is $30 per unit. Variable costs are $21 per unit, and fixed expenses total $90,000 per month. Sales volume for July totalled 12,000 units. Required: 14 Marks (4 Marks) a) Calculate the operating income for July. (present all of your calculations) b) Calculate the breakeven point in units sold and total revenues. (present all of your calculations) (3 Marks) c) Management is considering the use of automated production equipment. If this were done, variable costs would drop to $15.00 per unit, but fixed expenses would increase to $100,000 per month. L Calculate operating income at a volume of 12,000 units per month with the new cost (4 Marks) structure. (present all of your calculations) Calculate the breakeven point in units with the new cost structure. (present all of your (3 Marks) calculations)