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Q1 a) Chiyeyeye Enterprises Ltd sells equestrian boots and has three brands: Riding boots, work boots and casual wear. Looking ahead to the financial year ending 31* may, 2018, the directors of Chiyeyeye Enterprises ltd are faced with a budget loss of ZMW 10 000. This is based on the following data: Budgeted number of boots 10 000 Sales price per unit ZMW10 Variable cost per unit ZMW 6 Fixed cost ZMW 6000 i) Calculate the breakeven point for Chiyeyeye Enterprise Itd ii) The number of boots to be sold to make a profit of ZMW 20 000 iii) What happens to the profit if the overheads increase to ZMW 8000? iv) Calculate the profit if the selling price increase to ZMW 12 per boot v) Calculate the contribution margins for Chiyeyeye Enterprise Itd? (5 marks each=total 25 marks) b) Product Riding Boots work boots Causal Boot Sales (ZMW) 12 000 9 000 15 000 Fixed costs 5 000 5 000 7 000 Variable costs 5 000 7 000 Profit 2000 (1000.00) 1000 5000 i) ii) iii) Calculate the breakeven point for each product? _6 marks) Calculate contribution ratio for each product (6 marks) Can Chiyeyeye close workbooks product line? Explain