QUESTION 4 (15 MARKS) LGE Enterprise is a manufacturer of pinewood dining tables. A set is sold at RM700. The variable cost is RM300 per set and the fixed cost of the business is RM100,000 per year. Required: (i) Calculate the contribution margin for a set of dining table. (ii) Determine the number of set of dining table that need to be sold to achieve break-even point. (2 marks) (iii) Determine the number of set of dining table that need to be sold, to achieve the target profit of RM80,000 per year. (iv) Determine the number of set of dining table that need to be sold, to achieve break-even point, if the selling price is reduced by RM50. (2 marks) (v) Determine the number of set of dining table that need to be sold to achieve break-even point, if the price of pinewood is increased by RM10 for a set of dining table but the selling price is maintained at RM700. (3 marks) (vi) Determine the number of set of dining table that need to be sold to achieve break-even point, if the fixed cost is increased by RM5,000. Assume the selling price per set is maintained at RM700 and variable cost is maintained at RM300 per set