Question 3 [20 marks] (a) Using a hand-drawn simple graph with proper labelling, explain the break-even analysis for a manufacturing industry. [5 marks] (b) A manufacturer of power garden tools is planning to introduce a new power shear that will sell for $20. The fixed cost for 1 year of operation is $96,000 and the variable cost per unit is $12. If the planned volume of sales is 15,000 units for the period, determine: (i) break-even volume [5 marks] (ii) profit at the planned volume [5 marks] (iii) What should be the price per unit so that the manufacturer breaks even with a sale of $185000, assuming that the fixed cost is the same. [5 marks]