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Transcription of this question: 2.Patras Fumiture (PF)Patras Fumiture (PF) manufactures chairs. PF uses batch production.Currently, PF sells 200 chairs per month. Each chair sells at an average price of €100.Below are the forecasted fixed and variable costs for 2019.Table 1: Fixed costsRentInsuranceSalariesLease on equipmentCleaning service€24 000€6000€11000€40000€18000Table 2: Variable costs per chairMaterialDelivery€50€5(a)Define the term batch production.0)(iii)Calculate the break-even level of output for PF for 2019 (show a/’ your working).Construct a fully labelled break-even chart, to scale, for PF for 2019.Calculate the forecasted profit if PF sells 2400 chairs in 2019 (show allyour working).[2][2][2]

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