The EZ Miracle-Gro Company is a Malaysia multinational corporation headquartered in Cyberjaya. The company manufactures and sells consumer lawn, garden and pest control products, and soilless indoor gardening equipment. The company manufactures Scotts, Miracle-Gro and Ortho brands. Recently, EZ PLC decided to expand business in local markets. The company makes and sells a range of creative plastic garden furniture. These items are sold in sets of one table with four chairs for RM80 per set. The variable costs per set are RM20 for manufacturing and RM10 for variable selling, distribution and administration costs. The total fixed costs of manufacturing are RM800,000 per annum. Budgeted profit for the forthcoming year is RM400,000. Increased competition has resulted in the management of EZ PLC engaging market research consultants. The consultants have recommended three possible strategies, as follows: Reduced selling price Expected increase Per set by% in sales (sets)% Strategy 1 5 10 Strategy 2 7.5 20 Strategy 3 10 25 Required: a. Calculate the budgeted number of sets to be sold (3 MARKS) b. Calculate the budgeted breakeven point in units and sales dollars (6 MARKS) c. Calculate margin of safety (3 MARKS) c. Calculate profit under the three recommended strategies (13 MARKS) Recommend which strategy out to be adopted with justification of reasons.PM limited makes and sells a single product, X and has budgeted the following figures for one year period: Sales units 160,000 units Sales 6,400,000 Production costs: Variable 2,560,000 Fixed 800,000 Selling, distribution and administration costs: Variable 1,280,000 Fixed 1,200,000 Total costs 5,840,000 Net profit 560,000 Fixed costs are assumed to be incurred evenly throughout the year. At the beginning of the year, there were no stocks of finished goods. In the first quarter of the year, 55,000 units were produced and 40,000 units were sold. Required: a. You are required to prepare profit statement for the first quarter, (10 MARKS) based on Variable Costing. b. Compute inventory cost per unit based on Variable Costing (2 MARKS) C. Compute selling price (7 MARKS) d. Discuss the advantages of Variable Costing for management (6 MARKS) decision making