Use the following data in answering questions 1, 2 and 3: Checks Ltd is a producer of tablecloths which sell for 30 each. Variable costs per Tablecloth are as follows: 18 Direct materials Direct labour During the forthcoming year, Checks Limited plans to manufacture and sell 5,000 tablecloths and fixed costs are estimated to be 20.200 for the year Based on the above information, breakeven point is: (a) 4,000 tablecloths (b) 4.040 tablecloths (c) (d) 1,683 tablecloths None of the above 3 Marks 2. Margin of safety as a percentage of budgeted sales is: (a) (b) 19.20% 80.40% 60.19% 27.10% (c) (d) 3 Marks 3. How many tablecloths would need to be produced and sold to achieve a target profit of 27,000? (a) (b) 2,550 tablecloths 1.573 tablecloths (c) 9.440 tablecloths (d) None of the above