Seven (9 marks) Endeavour Pty Ltd sells football jerseys for $110 each. The variable costs to manufacture each jersey is $30 and the total fixed costs are $220,000. Required (a) Calculate the contribution margin for the football jerseys manufactured by Endeavour Pty Ltd (1 marks) (b) Using the contribution margin approach calculate the breakeven point in both number of units and sales revenue. (2 marks) (c) If Endeavour Pty Ltd would like to have a safety margin of 30% what additional level of sales (in dollars) would they need to achieve and how many units (in total) would need to be sold? (2 marks) (d) Calculate the number of units that would need to be sold if Endeavour Pty Ltd has a target profit of $150,000. (2 marks) (e) Endeavour Pty Ltd is considering purchasing new state of the art machinery which will be depreciated over five (5) years. What effect if any will this have on the contribution margin and the breakeven number of units assuming all other costs remain the same? (2 marks)