1. For your first assignment, management has provided the following revenue and cost information: High End Set Economical Set Sales price Labor Materials Rer unit $1,000 per unit$250 per unit$300 $3,500 per unit per unit $875 $1400 Rer month per month per unit $16,500 per unit$85,000 Direct fixed costs Allocated fixed costs S85,000 $25,000 They want a better understanding of their business to make budgeting and sales goals decisions and have asked you to determine their: 1. Break-even quantities for each product line 2. Break-even quantities to earn $500,000 per year margin on the high-end line (at the current sales price) 3. Break-even quantities to earn $300,000 per year margin on the economical line (at the current sales price) They expect the product lines to fully absorb the costs allocated to them. Once you have determined these amounts, they have asked that you: Dresent the infomation describe how you performed your calculations and explain what the results mean