BREAK - EVEN POINT EFT Ltd manufactures and sells a single product. The following budgeted information is available for a period: Sales: 9,000 units at a price of $120 per unit. Fixed overheads : $342,900 for the period. Variable costs $ per unit Direct materials 36 Direct labour 20 Variable overheads 10 REQUIRED (a) Calculate for the period the budgeted : (i) Contribution / sales ratio % (ii) Total net profit ($) (iii) Break - even point (in sales value) (iv) Margin of safety (in sales value) (b) Prepare a traditional break-even chart, clearly identifying the break-even point and the margin of safety. Assume that the budgeted contribution / sales ratio changes to 40%, as a result of changes to the budgeted variable costs (c) Calculate the revised budgeted : (i) Break-even point (in sales value) (ii) Margin of safety (in sales value)