uestion P relation Sales volume in units 100 $7,000 $5,000 Revenue Variable costs Contribution margin $2,000 Fixed costs $1,200 $800 Profit a) Compute the following items: price- unit VC- unit CM- b) Write down the CVP relation *volume Profit - (e.g., if Profit-4 volume-1000, enter 4 in the first box and 1000 in the second box) c) Predict profit at sales volume of 120 units: d) Your boss gave you a profit target of $1,400. How many units do you need to sell to meet this target? e) Compute the breakeven point breakeven volume breakeven revenue f) Compute the margin of safety at current sales volume of 100 units: (e.g., if your answer is 20%, enter 20 without the % sign) If sales decrease by 35%, will you lose money? YES O NO If sales decrease by 45%, will you lose money? (O YES O NO g) When sales volume increases by 10 units (from any initial level in the relevant range), profit increases by: O unit CM 10 $200 O price10 $700 O not enough information O unit VC*10 $500