Question 3 The following data are available from the accounting records of Joyce Plastic Manufacturing for the month ended July 31, 2021. There were no beginning inventories of plastic containers and all units of plastic containers were completed during the month (no work in process). In the month of July, 28,000 units were manufactured and sold at a price of $60 per unit. The company tax rate is 30%. Cost Total Cost Number of Units Manufacturing costs: Variable- $464,800 ------ 28,000 Fixed $210,000 28,000 Total--- $674.800 Selling and administrative expenses: Variable Fixed- $2 per unit sold $39,000 Required: (i) What is the cost to produce a unit of plastic container? (2 marks) (ii) What is the total contribution margin for the month of July? (2 marks) (iii) What is the breakeven point in units for this product? (2 marks) (iv) What is the margin-of-safety in dollar amount? (2 marks) (v) What is the profit before tax if 30,000 plastic containers were sold? (3 marks) (vi) How many units must be sold to achieve an after tax profit of $500,000 (round to the nearest unit)? (3 marks) (vii). How much onal aft tax profit can be earned if sales increased to 35,000 units from the current 28,000 units? Assume that variable manufacturing cost per unit increase by 5% due to the increase in units sold and that all other costs remain the same. Sales price remains at $60 per unit. (4 marks) (Total: 18 marks)