Task 5: Costs and Breakeven [24 marks] A manufacturer produces magnifying mirrors with USB-powered LED lights, which sell for 10 each. Table 4 shows the sales and total costs for the period July 2021 to December 2021. Table 4-Sales Volume and Total Costs Sales (Units) Total Costs () Month July 16,000 214,000 August 17,000 242,000 September 12,000 150,000 October 18,000 205,000 November 27,000 312,000 December 42,000 360,000 Required for Task 5 (Comments for task 5 should not exceed 100 words in total.) 1. With reference to Table 4 and using the high-low method, estimate the variable cost per mirror produced and sold. Show your calculations, define variable cost and interpret the result. 2. Using the high-low method, estimate the monthly fixed cost. Show your calculations, define fixed cost and interpret the result. 3. Using the information is (1) and (2) above, how many mirrors should the manufacturer produce and sell in January 2022 to break even? Show your calculations, define breakeven and interpret the result