QUESTION 1 Question one (40 marks) Given below is Madeena Company's contribution format income statement for the month of January 2020 Amount Sales (10,000 units). 240,000 Variable Expense..... 180,000 Contribution Margin... 60,000 Fixed Expenses........ 32,000 Net Operating Income...... 28,000 * a. Break-even point in dollar sales a. If the manager wants a net operatin this target profit? (2 m wildete a. If the manager wants a net operating income of AED 58,000 next month, how many units should be sold to achieve this target profit? (2 marks) fer to original data a. The sales manager decided to increase the selling price by AED 2 because the variable cost per unit had increased by AED 1 and fixed cost had increased by AED8,000. Units sold did not change Fred: e a new contribution format income statement to show the new profit or loss. (10 marks) to save and submit. Click Save All Answers to save all answers. Remaining Time: 59 minutes, 25 seconds. Question Completion Status 2. Refer to original data a. The sales manager decided to increase the selling price by AED 2 because the variable cost per unit had increased by AEDand fixed cost had increased by AED8,000. Units sold did not change Required: Prepare a new contribution format income statement to show the new profit or loss. (10 marks) Submit to save and submit. Click Save All Answers to save all answers. Answer the following questions briefly: a. What is meant by the breakeven point in units? (2.5 marks) a. Why is meant by breakeven point dollar sales? (2.5 marks) 3. Refer to original data a. What is the revised net operating income if the unit sales increased by 15%? Required: Prepare a new contribution format income statement to show the new profit or loss. Rick Save and Submit to save and submit. Click Save All Answers to save all answers. 3. Refer to original data a. What is the revised net operating income if the unit sales increased by 15%? Required: Prepare a new contribution format income statement to show the new profit or loss. (10 marks) Hint: New units=(10,000*1.15)=11,500 units What happens when total fixed cost equals total contribution margin? (2.5 marks) qve and Submit to save and submit. Click Save All Answers to save all answers. a. What is meant by margin of safety in dollar sales? (2.5 ma