Please explain question one and two below for me. trying to understand how to do them on my own.

Luke Corporation produces a variety of products, each within their own division. Last year, the managers at Luke developed and began marketing a new chewing gum, Bubbs, to sell in vending machines. The product, which sells for $5.50 per case, has not had the market success that managers expected, and the company is considering dropping Buhbs. The product-line income statement for the last month follows: $ 1,415,975 $ Revenue Costs Production costs Product-line margin Allowance for tax (20%) Product-line profit (loss) (1,280,451) 135,524 (27,104.80) $ 108,419.20 Roy O. Andre, the product manager for Bubbs, is concerned about whether the product will be dropped by the company and has employed you as a financial consultant to help with some analysis. In addition to the information given, Mr. Andre provides you with the following data on production costs for Bubbs for the past 12 months: Month Cases Production Costs 1 2 3 4 5 6 7 8 9 TO 11 12 220.000 219.200 218.900 235.000 239.000 241.000 222.200 249.200 240.800 254.800 249.500 257 450 $1,147.828 1,174 285 1.177081 1.193,523 1.195.827 1.218.873 1.101.699 1,215 210 1,233220 1.245.325 1.249.780 1.260.451 words ES Required: Respond to the following questions. 1. How many cases of Bubby does Luke have to sell in a single month in order to break even on the product? Use Regression in Excel to find the fixed and variable portions of the production costs. o Cases will be the X variable and Production Costs will be the Y variable. o Produce a line-fit plot with the regression output and with axes correctly labeled. o Submit your Excel file as part of the assignment. Round the variable cost per unit and total fixed cost you find in the regression to two decimal places to answer questions 1 and 3. Round your answer (breakeven number of cases) to the nearest whole number. Use this rounded number to answer question 2. 2. What is Bubbs current margin of safety percentage based on the most recent product-line income statement? (round your answer to two decimal points, i.e., XX.XX%)