Question 5 - Week 10 (11 marks) You are the chief financial analyst of Hercules Manufacturing Limited. The company manufactures bowls and has been planning to aggressively expand its sales into the Middle Eastern markets. You have been tasked to analyse its reports using CVP and provide explanations to the Director, Tierra Muller. The operating statement relating to the month ended September 30, 2019 of Hercules Manufacturing Limited is as follows: 5 000 $000 Sales {22,000 units) Direct labour Production overheads Total 1,398 Gross profit 1,402 Selling overheads 1,042 Net prot 360 726 374 798 Direct materials The variable production overheads were $9 per unit while the variable selling overheads were $11 per unit. Required: a) Calculate the contribution margin per unit. (1.5 marks)