Description Question 5 You are given the following data for John Smith & Co. for two successive pe ...

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Description Question 5 You are given the following data for John Smith & Co. for two successive periods. July August Materials $300,000 $360,000 Labour $212,000 $247,000 Overheads $418,000 $453,000 Production levels 10,000 units 12,000 units All production is sold for $100 per unit. a) Determine the break-even point for John Smith & Co. (4 marks) b) Prepare a chart that depicts the break-even point (6 marks) c) If the company proposes to introduce a machine whereby fixed costs will rise by $116,000 Labour will fall by $10 per unit, determine i. The new break-even point (5 marks) ii. The sales necessary to maintain profits at $140,000, using the new machine (5 marks)