Accounting

Hello, I need someone to answer these questions for me and properly count and complete the tasks below: Yurts Ltd manufactures a single product which it sells for £200. The details of the costs are as follows: Annual Rent £50,000 Yearly Insurance premium £10,000 Other Annual Fixed costs £5,000 Material cost per unit £70 Labour cost per unit £65 Yurts has budgeted production and sales to be 3,000 this year but is only expecting 2,500. Required: Calculate Yurt’s break-even sales volume AND Produce a break-even chart, clearly showing the Margin of Safety if the expected sales are met. Yurt’s Managing Director is concerned with the sales forecast, he needs the business to generate a profit of £130,000 in order to support his lifestyle. Using the figures above, calculate the sales volume necessary to obtain his required profit. The salesmen insist that 2,500 units is the maximum they can sell. In order to achieve the Managing Director’s required profit he must reduce EITHER Variable Costs or Fixed Costs: Show by how much the variable Cost per unit must be reduced Show by how much the annual Fixed Costs must be reduced Yurts Ltd manufactures a single product which it sells for £200. The details of the costs are as follows: Annual Rent £50,000 Yearly Insurance premium £10,000 Other Annual Fixed costs £5,000 Material cost per unit £70 Labour cost per unit £65 Yurts has budgeted production and sales to be 3,000 this year but is only expecting 2,500. Required: Calculate Yurt’s break-even sales volume AND revenue Produce a break-even chart, clearly showing the Margin of Safety if the expected sales are met. Yurt’s Managing Director is concerned with the sales forecast, he needs the business to generate a profit of £130,000 in order to support his lifestyle. Using the figures above, calculate the sales volume necessary to obtain his required profit. The salesmen insist that 2,500 units is the maximum they can sell. In order to achieve the Managing Director’s required profit he must reduce EITHER Variable Costs or Fixed Costs: Show by how much the variable Cost per unit must be reduced Show by how much the annual Fixed Costs must be reduced