A firm produces and sells a single product X. The following information has been collected for a specific period. Budgeted Sales 9000 units Price £12 Per unit Material and labour costs £9 Per unit Variable Selling and Administrative Overhead £0.50 Per unit £15,000 Amount Fixed Selling and Administrative Overhead Actual Sales 8000 units There is no opening or closing stock in the period concerned. Required: (a) What is the Breakeven Units? (b)Calculate budgeted profit or loss. (c) Calculate actual profit or loss for the period. (d) What is meant by the term 'Cost-Volume-Profit'? (6) Draw a sketched graph displaying 'Cost-Volume- Profit' (break-even) analysis. () Discuss how the margin of safety can be ascertained for a given or expected level of activity, discussing this by use of the above graph.