Topic: Cost-Volume-Profit and Break-even Analysis Following is the income statement of Nancy Corporation for the year ended December 31, 2021: Nancy Corporation Income Statement For the year ended December 31, 2021 Sales (20,000 units) P3,000,000 Less: Cost of Goods Sold 1,800,000 Gross Income P1,200,000 Less: Selling and Administrative Expenses 800,000 Operating Income P 400.000 Other Data: > 1/3 of the cost of goods sold is fixed * 75% of the selling and administrative expenses is variable Required: Based on the above income statement and other data, determine the following: a. Total fixed cost b. Variable cost per unit and variable cost ratio c. Contribution margin per unit and contribution margin ratio d. Breakeven point in units and in pesos e. Margin of safety in units and in pesos f. Margin of safety ratio and break-even sales ratio g. Required sales in units and in pesos if the company desires to earn operating income of P680,000 h. Required sales in units and in pesos if the company desires to earn profit of 20% of sales i. Assuming that the tax rate is 35%, the required sales in units and in pesos if the company projects income after tax of P65,000 j- The profit ratio for the year ended December 31, 2021