number 3 please

2. Springtime LTD expects to sell 500 baskets a month. The business has the opportunity to rent a basket-making machine. Doing so would increase the total fixed cost of operating the workshop for a month to 3000 $. Using the machine would reduce the labor time to half an hour per basket. The basket makers would still be paid 10$ an hour. How much profit would the business make each month from selling baskets a) Without the machine; b) With the machine? What is the breakeven point if the machine is rented? What do you notice about the figures that you calculate? 3. Calculate the contribution margin ratios a) without the machine; b) with the machine. 2. Springtime LTD expects to sell 500 baskets a month. The business has the opportunity to rent a basket-making machine. Doing so would increase the total fixed cost of operating the workshop for a month to 3000 $. Using the machine would reduce the labor time to half an hour per basket. The basket makers would still be paid 10$ an hour. How much profit would the business make each month from selling baskets a) Without the machine; b) With the machine? What is the breakeven point if the machine is rented? What do you notice about the figures that you calculate? 3. Calculate the contribution margin ratios a) without the machine; b) with the machine