The following income statement for the month of January 2019 has been prepared by Adiscom Company Sales 3,000 units at 80/unit 240,000 Less Cost of Goods Sold Variable Production Cost (180,000) Fixed Production Cost (19.800) Gross Margin 40,200 Selling and Administrative Expenses Variable Selling Cost (21,000) Fixed Selling Expenses (Z500) Net Profit 11,700 Required: A. 1. Find the firm's breakeven output 2. If it wishes to have a monthly net income before taxes of 18,000 and its cost structure remains as above, what quantity of output will it need to sell? 3. If its variable production costs increase by 4 per unit, what will be its breakeven output? 4. After the increase in costs in 3, what output will it need to sell if it wishes to have the 18,000 monthly profit stated earlier? 5. Given the variable production cost increase but no change in fixed costs, what will be the firm's monthly profit if it sells 4.000 units of output per month [10 marks] B. What is Cost Volume Profit (CVP) Analysis? Briefly explain five key assumptions behind Cost Volume Profit (CVP) Analysis [5 marks]