Required for Task 7 (Comments for task 7 should not exceed 150 words in total.) - What do you think you did particularly well in this assignment? I What was the most challenging aspect of this coursework and why was this the case? - What would you do differently next time? PART 2 Breakeven Analysis [30 marks] Andreea Ltd. manufactures t-shirts, which sell at 15 each. Table 5 shows the sales and total costs for the period July 2020 to December 2020. Monthly fixed costs have been the same each month and it is expected they will remain constant for the remainder of the financial year (up to and including March 2021). Table 5 - Sales Volume and Total Costs mm mm mm "m Required for this part {T he report should not exceed 400 words in total.) 1. With reference to Table 5 and using the high-low method, estimate the variable cost per t-shirt produced and sold. Show your calculations. 2. Using the highlow method, estimate the monthly xed cost. Show your calculations. 3. Using the information in (1) and (2) above, how many t-shirts should Andreea Ltd. produce and sell in January 2021 to break even? Show your calculations. 4. How many t-shirts does the company need to produce and sell to achieve a profit target of 200,000 in January 2021? Show your calculations. 5. What is the margin of safety for January 2021, assuming the profit target for that month has been achieved? Show your calculations. 6. Write a 400-word report, addressed to the sales manager of Andreea Ltd. The report should: 3. Explain, with reference to the scenario and the table provided, why the high-low method had to be used in this case; b. State and interpret the xed and variable costs