Shiloh Enterprises manufactures and sells gadgets. The business earned net income of $250,000 in 2016, when sales was 6,000 units and data for variable cost per unit and total fixed costs were as follows: Variable expenses per unit: Fixed expenses: Required: a) b) c) d) Direct Material Direct Labour Variable Manufacturing Overhead Fixed Manufacturing Overhead Fixed Selling Costs Fixed Administrative Costs $38 $27 $15 $160,000 $85,000 $105,000 Compute the expected selling price per unit, using the equation method. (4 marks) Calculate Shiloh's break-even point in units and in sales dollars. (2 marks) Calculate the margin of safety in units and in sales dollars. (2 marks) Given the sales of 6,000 units, prepare a contribution margin income statement for the year ended December 31, 2016, detailing the components of total fixed costs and clearly showing contribution and net income.