Q1 Define cost object and give three examples. Clarify your answers. Q2 What is a cost driver? Give one example. Clarify your answers. Q3 Roma Skincare manufactures and sells face cream to small specialty stores in Victoria, Australia. It presents the monthly operating income statement shown here to Jacob Scott, a potential investor in the business. Help Mr. Scott understand Roma Skincare's cost structure. Review View D NI 15,000 $1,20,000 Home Insert Page Layout Formular Data B 1 Roma Skincare Operating Income Statement June, 2017 3 Units sold 4 Revenues 5. Cost of goods sold 6 Variable manufacturing costs $60,000 7 Fixed manufacturing costs $22.000 Total cost of goods sold 9 Gross margin 10. Operating costs Variable marketing costs $ 6,000 12 Fixed marketing & admin costs $14,000 13 Total operating costs 14 Operating income 8 $ 82,000 $ 38,000 11 $ 20,000 $ 18,000 Required 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017. 3. What is the margin of safety (in units) for June 2017? 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%, calculate its net income