QUESTION 2 PART A Tulip Enterprise bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 sen per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead - variable Manufacturing overhead - fixed RM 1,800,000 Selling expenses - variable 430,000 Selling expenses - fixed 360,000 Administrative expenses - variable 380,000 Administrative expenses - fixed 280,000 RM 70,000 65,000 20,000 60,000 Required: Prepare a Contribution Income Statement for year 2022 based on management's estimates. (Show column for total amounts only.) (10 marks) PART B Rose Trading had RM210,000 of net profit in year 2021 when the selling price per unit was RM150, the variable costs per unit were RM90, and the fixed costs were RM570,000. Management expects per unit data and total fixed costs to remain the same in year 2022. The manager of Rose Trading is under pressure from investors to increase net profit by RM52,000 in year 2022. Required: (i) (ii) (iii) Compute the number of units sold in year 2021. (3 marks) Compute the number of units that would have to be sold in year 2022 to reach the shareholders' desired profit level. (3 marks) Assume that Rose Trading sells the same number of units in year 2022 as it did in year 2021. What would the selling price have to be to reach the shareholders' desired profit level? (3 marks) Assuming actual sales in year 2022 are 16,000 units with the new selling price as computed in (C), compute the margin of safety in (i) units and (ii) as a ratio. Briefly explain your findings. (Tips: Interpret about margin of safety) (6 marks) (Total 25 marks) (iv)