Section 4: Cost-Volume-Prot Analysis 18 marks Elysium sells two types of sunglasses: Superstar and Biker. Information about the expected sales volume, selling price and variable cost per unit of the products are as follows: Superstar Biker Budgeted monthly sales 140 200 Selling price 320 370 Variable cost per unit Direct material 70 100 Conversion costs 120 150 The expected monthly fixed cost is $16,000. Assume that Elysium pays income taxes of 28% and that fixed costs remain constant regardless of the number of product lines. Required: 1. Assume that only Superstar is sold. Calculate the following: (a) Break-even in dollars. (3 marks) (b) Target sales volume in units, assuming a target prot of $32,000 after tax.l (4 marks) (0) Margin of safety as a percentage. (3 marks) (d) If Elysium's direct material cost increase by 6%, how many units Wlll the company have to sell to reach its break-even point? (3 marks) 2. Assume that both products are sold (Superstar and Biker). Calculate the total number of Superstar that needs to be sold to break-even