Managrial accounting Task $3(8$ Marks: $2$ marks for each requirement$)$

Cost$-$volume$-$profit analysis $($CVP$)$ is a valuable tool for managers to make critical business choices. Cost$-$volume$-$profit analysis expresses the correlation between expenses, volume, and firm profit. Managers utilize CVP analysis to evaluate the sales volume required to break even, or cover costs. They also use CVP to determine the sales volume required to make a specific profit. Provide a case study by critically analysis the relevant information to determine the:

The breakeven point in units and amount that help management reach the level of production at which the costs of production equal the revenues for a product.

How many units must be sold, or the amount of sales needed to achieve a specific target profit that management planned to achieve.

How many units must be sold, or the amount of sales needed to achieve a specific target profit after tax that management planned to achieve.

The margin of safety that managers use to evaluate the risk of current operations as well as the risk of new plans.