1. Engineering estimates show that the variable cost of manufacturing a new product will be$35 per unit. Based on market research, the selling price of the product is to be $120 perunit and variable selling expense is expected to be $15 per unit. The fixed cost applicableto the new product is estimated to be $2800 per period and capacity is 100 units perperiod.perform a break-even analysis showingo an algebraic statement of the revenue function the cost function;o computation of the break-even point in units, in sales dollars, as a percent of capacity;o a detailed break-even chart.