Question 3 Call Enterprises produces a single product. The following budgeted information for 2024 financial year is available: Annual fixed manufacturing costs R300 000 Variable manufacturing cost p per R26 Selling price per unit R100 Marketing costs Advertising Sales personnel's salaries and commission unit R16 000 per month R20 000 per month plus 6% sales Administration costs: Salaries Other office costs The number of units expected to be produced and sold during 2024 is 30 000 R48 000 per month R16 000 per month plus R8 unit sold Answer each of the following questions independently. 3.1 Calculate the total contribution margin and operating profit (loss) if all 30 000 units are sold. 3.2 Calculate the margin of safety (as a percentage) for 2024 3.3 Use the contribution margin ratio to calculate the sales value required to achieve an operating profit of R1 200 000. 3.4 Suppose Callmore Enterprises is considering a R6 per unit decrease in the selling price of the product with the expectation that this would increase the sales volume by 10%. Is this a good idea? Motivate your answer with the relevant calculations (25marks) (5 marks) (6 marks) (7marks) (7marks)