Sales Forecast Direct Material Costs Direct Labour Cost Variable Factory Overhead Fixed Factory Overhead Costs of Goods Sold Gross Profit Corporate Fixed Costs Operating Profit Income Statement 5,000,000 (1,000,000) (1,250,000) (750,000) (1,000,000) (4,000,000) 1,000,000 (750,000) 250,000 The entity above prepared the forecasted income statement presented. The entity expects to sell 250,000 units during the next year. Chief Financial Officer (CFO) has been asked to answer the questions below. Costs have over time, been 15% better or 15% worse than forecast for this company (Expected Volatility range). The company is sensitive to fixed cost changes and has a history of surprises in fixed increases. Questions: Activate Windows Go to Settings to activate Wi