Mimi has just completed her study and obtained a degree in business administration. She was very passionate about baking and decided to attend several cooking classes to sharpen her natural talent. Later she decided to take the next step in opening her own business, a small outlet selling cookies in her hometown. Mimi heard about a local bank offering loans for young entrepreneurs at a very low interest rates. She decided to apply for the loan. Among the requirements for the loan, she needed to provide some operational forecasts of the business for the first year. To keep it simple, Mimi decided to produce only two types of cookies during the first year: chocolate pecan cookies (CPC) and chocolate raisin cookies (CRC). Furthermore, she predicted that about 70% of the units sold would be CPC while the remaining 30% would be CRC. She forecasted the following items: CPC CRC Selling price per unit RM 8 RM 10 Variable cost per unit RM 6 RM 7 Total annual fixed costs RM 34,500