QUESTION 3 3.1 REQUIRED (25 Marks) Study the information given below and answer the following questions independently. As far as possible, use the expanded contribution margin model to present your answers. 3.1.1 Calculate the break-even quantity. (5 marks) 3.1.2 Calculate the sales volume required to achieve an operating profit of R2 484 000. 3.1.3 Suppose the management team of Timera Enterprises is considering a decrease of R18 per unit in the selling price of the product, with the expectation that this would increase the sales volume by 12%. Is this a good idea? Motivate your answer with the relevant calculations. (4 marks) (5 marks) 3.1.4 Determine the selling price per unit (expressed to the nearest cent) that will enable Timera Enterprises to break even. (5 marks) INFORMATION Timera Enterprises produces a single product. The following budgeted information for 2022 is available: Expected production and sales Selling price per unit Annual manufacturing costs: Direct materials cost Direct labour cost Variable manufacturing overheads cost 45 000 units R246 R1 800 000 R1 350 000 R505 800 R480 000 Fixed manufacturing overheads cost Marketing costs: Advertising R24 000 per month Sales personnel's salaries R30 000 per month Sales commission 6% of sales Administration costs: Salaries Other office costs R72 000 per month R248 000 per month plus R12 per unit sold