You are doing a cost-volume-profit analysis for the Morgan County Company. Presented below is cost data for the cost data for the company and represents the monthly average of the previous 12 months of data. Assume that all units produced in any one month are sold In the same month. Some knowledge required to solve this problem was learned In chapter 2. Morgan County monthly average Rent on plant building 99,584.00 Per Month Plant Supervisor Salary 15,006,00 Per Month Fixed plant Utility and General Maintenance Cost 75,192.00 Per Month Variable plant Utility and General Maintenance Cost 5% Of Sales Fixed Sales Staff Cost 40,224.00 Per Month Variable Commisioned Sales 2%% Of Sales Fixed delivery Truck Cost 5,262 00 Per Month Variable delivery Truck Cost 1% Of Sales Direct Material Cost are 18.61 Per Unit The plant employees 99 people. The plant average wage is: 21 29 Per Hour The average number of hours worked per employee is: 155 Hours per Month Sales Price of 1 Unit 39.11 Per Unit Unit Sales per Month 51,655 Units Assume that this month is average (All numbers in current month match 12 month averages) 1) Classify each of the cost as either fixed or variable cost. 2) Classify each of the cost as either product or period cost. 3) Classify each product cost as either direct material, direct labor or manufacturing overhead. 4) Produce a Contribution Margin Income Statement for the month. 5) What is the Prime Cost? 6) What is the Conversion Cost ? 7) Calculate Break-Even sales in units sold. 8) What is the Margin of Safety Percentage? 9) What is the Degree of Operating Leverage? 10) Your company would like to increase Net Operating Income by 10%. How many more units must they sale to achieve this goal