Question 3 (20 marks) The following information relates to the production and sales data of Impact (PTY) LTD for the year ended 31 December 2020: Opening inventory (units) Number of units manufactured Number of units sold (at R250 each) Direct material cost per unit Direct labour cost per unit Variable manufacturing overhead per unit Variable selling cost per unit Fixed manufacturing overhead cost (total) Fixed selling and administration cost (total) 3 000 15 000 12 000 R22.50 R 105 R 12.50 20 R R750 000 R 500 000 Additional information: The full cost of production at the beginning of the period was at R165 per unit. Closing inventory was valued at the full cost of production for the year 2020. Required: 3.1 Calculate the Impact (PTY) LTD net profit, using the absorption costing income statement. (15) Milpark Education Introduction to Management Accounting IMACO1-5 Assignment March 2021 Page 4 of 7 3.2 Calculate the breakeven point (in units) of Impact (PTY) LTD for the period to the nearest unit