Question 3 12.5 points SAVE ANSWE Please ensure that you leave yourself enough time to upload your excel file response. It is recommended that you upload your file as you complete a file response question. Cost Volumn Profit Analysis (total of 12.5 marks) Speedy Wheels produces Toy Bikes and has provided the following information regarding its product for the financial year ended 30 June 2021. Selling price per unit $46 Variable manufacturing costs $10 Variable marketing, distribution and administration costs $12 Annual fixed manufacturing costs $450,000 Annual fixed non-manufacturing costs $150,000 Annual volume 42,000 units Required: A. For the year ended 30 June 2021, calculate the breakeven point in: (3 marks) units; o dollars. B. Calculate the profit earned for the year ended 30 June 2021. (2 marks) C. Speedy Wheels is considering the introduction of scooters for the 2022 financial year to increase their market base. The anticipated results are:Toy Bikes Toy Scooters Total Expected sales volume in units 40,000 60,000 Selling price per unit $45 $28 Variable costs per unit $24 $20 $820,000 Annual fixed costs i. Based on these estimates, calculate the number of units required to break even for: (3 marks) o both Toy Bikes and Scooters; Toy Bikes only; o Toy Scooters only. ii. Given the expected sales mix above (40,000 Toy Bikes and 60,000 Toy Scooters) how many Toy Bikes and Toy Scooters are required for the year ended 30 June 2022 to earn the same profit calculated in B. (3 marks) D. Would you recommend Speedy Wheels continue producing bikes, or, introduce scooters during the 2022 financial year? Justify your recommendation. (1.5 marks) Show all workings. Attach File BROWSE LOCAL FILES BROWSE CONTENT COLLECTION