+ Q1: Background information provided for Jones Ltd. Jones Ltd produces a single product. Cost and...

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+ Q1: Background information provided for Jones Ltd. Jones Ltd produces a single product. Cost and revenue details are as follows: Selling Price $75.00 per unit 100% Variable Cost $ -45.00 per unit 60% Contribution Margin $ 30.00 per unit 40% Total Fixed Cost $720,000.00 per annum Answer the following questions regarding Jones Ltd: Q1.1 Calculate sales breakeven in dollars ($). Use the formula to calculate sales breakeven amount Q1.2 Prepare an Income Statement at a sales level of 24,000 units. Sales revenue Less: Variable costs Contribution margin Less Fixed costs Profit before tax MR FER MR FER + Q1: Background information provided for Jones Ltd. Jones Ltd produces a single product. Cost and revenue details are as follows: Selling Price $75.00 per unit 100% Variable Cost $ -45.00 per unit 60% Contribution Margin $ 30.00 per unit 40% Total Fixed Cost $720,000.00 per annum Answer the following questions regarding Jones Ltd: Q1.1 Calculate sales breakeven in dollars ($). Use the formula to calculate sales breakeven amount Q1.2 Prepare an Income Statement at a sales level of 24,000 units. Sales revenue Less: Variable costs Contribution margin Less Fixed costs Profit before tax MR FER MR FER