Accessories Ltd use to make and sell only one type of hair dryer but in order to survive in a competitive market the company has recently expanded its line and added another two products. Currently the company has three products, the "Stylish" which sells for $200, the "Curler" which sells for $150 and the "Mini" which sells for $180. Given the company has only just branched out with multiple products it requires the assistance of the Management Accountant to perform some CVP analysis. Additional Information: Sales (units) Direct Labour Variable Selling Expenses Electrical components Stylish 30,000 $10.00 $15.00 $5.00 Curler 45,000 $22.00 $13.00 $5.00 MINI 37,500 $41.00 $10.00 $5.00 Based on the increase in demand, forecasted sales volume for the "MINI" is expected to double whilst the sales volume of the other two units will remain the same. The company recently received a letter from their suppliers informing them that the direct materials which are used for making the "Stylish" will increase by $10 per unit and the variable selling of the MINI will increase by $8. Fixed cost for the company are said to be $245,784. Answers to all questions are required: (where necessary round off answer to 2 decimal places). In answering the below questions please take into consideration the information provided above. All workings must be shown. a. Calculate the sales mix for the business (1 point). b. Calculated the weighted average contribution margin (WACM) for the business (6 points). c. Calculate the total number of units the business needs to sell in order to break even (1.5 points). d. Explain the concept of breakeven using the answer you calculated in part C above (2 points). e. Assuming a tax rate of 40% calculate the budgeted net income after tax for the business (2.5 points) f. Explain why Cost Volume Profit (CVP) analysis needs to be continuously completed by Accessories Ltd. (3 points)