Question 3 (20 points) A company produce a single product. Data relating to the product for year 2020 were as follows: Annual sales volume was 64,000 units. Selling price per unit was $120. Variable manufacturing cost per unit $56 Annual Fixed Manufacturing cost: $240,000 Annual Fixed non Manufacturing cost : $720,000 Variable markeing and distribution cost per unit: $24 Required: a. Calculate the break even point in units and in dollar value for the year 2020 (5 points) b. Calculate the margin of safety in both units and sales dollars (4 points) c Calculate the profit achieved in 2020 given the annual volume of 64,000 units (5 points) d. Changes in marketing strategy are planned for year 2021. This would increase variable marketing and distribution costs by $8 per unit, and reduce fixed non-manufacturing cost by $160,000 per year. Calculate the units that would need to be sold in 2021 to achieve the same profit as year 2020. (4 points) e. Would you recommend the change? Explain (2 points)