Problem 1 The following data is given: $ Selling price 20 per unit Variable manufacturing costs 11 per unit Variable selling costs 3 per unit Fixed factory overheads 5,40,000 per year Fixed selling costs 2,52,000 per year You are required to compute: (i) Break-even point expressed in amount of sales in rupees; (ii) Number of units that must be sold to earn a profit of $60,000 per year. (iii). How many units must be sold to earn a net income of 10% of sales