FIXED COSTS, VARIABLE COSTS & BREAKEVEN ANALYSIS (6 MARKS) Ace Electronics recently patented an innovative new battery. The unit costs for the battery are as follows: battery casing is $9, materials are $8, and direct labour is $8 per unit. Reworking the factory facilities to produce these batteries cost an extra $1 million in equipment costs this year. Annual fixed costs include sales & marketing expenses of $1.2 million; general and administrative expenses of $1.3 million; and other fixed costs totalling $2 million. a) What is the total per-unit variable cost associated with the new battery? What are the total fixed costs this year? (2 MARKS) b) If the price for the new battery was set at $35, what would the breakeven point be? (2 MARKS) c) If the price for the new battery was set at $50, how many batteries would have to be sold to earn an annual target profit of $1 million? (2 MARKS)