Question 7 Best Way Ltd manufacture and sell a single product. The following information is available for three financial years ending 31 December. Sales Price per unit Unit volume Actual 2018 135.00 60,000.00 Forecast 2019 138.00 62,000.00 Forecast 2020 139.00 63,000.00 Actual Forecast Cost per unit 2018 ($) 2019 ($) 2020 ($) Direct materials 55 56 56 Direct labour 35 37 38 Variable production overhead 12 13 14 Direct expese 6 6 7 Variable sales overhead 17 18 18 Fixed production overhead 60,000 58,000 58,000 Other fixed overhead 210,000 230,000 230,000 (a) Calculate break-even point in sales units and dollars for 2018, 2019 and 2020. (b) Prepare forecast income statement for 2019 and 2020 in contribution margin format