Question 4 Not yet answered Tropical Processing is a single-product entity, and provides the following summary data relating to its product for 2020. Marked out of 3.00 Selling price per unit Variable manufacturing costs Annual fixed manufacturing costs Variable marketing, distribution and administrative costs Annual fixed non-manufacturing costs Annual volume $120 $70 $220,000 $30 $130,000 80,000 units Important: For any amounts, please don't include the dollar sign ($) or any thousands separators - i.e. $12,000 should be written as 12000. For amounts with decimals, please round up to the nearest unit (e.g., 123456.789 should be expressed as 123457). Required: a. Calculate the break-even in units and sales dollars for 2020. Break-even in units units Break-even in dollars $ b. Calculate the profit earned in 2020. Profit earned $ c. Tropical Processing is considering introducing a second product that would result in the following estimates. Expected sales volume in units Selling price per unit Variable costs per unit Annual fixed costs Product A Product B 20,000 80,000 $120 $98 $100 $70 $1,131,000 i. Calculate the number of units (in total and per product) required to break even. Note: When calculating break-even unit for Product A and Product B, please use the rounded break-even units in total. Break-even units (in total) units Break-even units (Product A) units Break-even units (Product B) units ii. Calculate the number of units (in total and per product) required - in the first year of the two products - to earn the same profit as for 2020. Note: When calculating number of units for Product A and Product B, please use the rounded number of units in total. Number of units (in total) units Number of units (Product A) units Number of units (Product B) units