Problem 8-8 Performing a Comprehensive CVP Analysis (LO2 - CC5, 6) _ EDITED The Central Valley Company is a manufacturing firm that produces and sells a single product. The company's revenues and expenses for the last four months are given below. Required: 1. Management is concemed about the losses experienced during the spring and would like to know more about the cost behaviour. Develop a cost equation for each of the costs. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) HINT:Use the hi-low method from chapter 6. 2. Assume that fixed costs are incurred uniformly throughout the year. Compute the annual break-even sales, and the profit if 77,500 units are sold during the year, (Round "Break-even sales" answer to nearest whole number.) 3. Calculate the change in profit if the selling price were reduced by $10.00 each and annual sales were to increase by 7,200 units 4. Determine the change in profit if the company were to increase advervsing by $111,000 and if this wete to increase sales by 7.200. units. 3. Calculate the change in profit if the selling price were reduced by $10.00 each and annual sales were to increase by 7,200 units. 4. Determine the change in profit if the company were to increase advertising by $111,000 and if this were to increase sales by 7,200 units