Question 5 (11 marks) Smarty Inc. Ltd produces two different products Iwith the iollowing monthly data: P1 P2 Selllng price per unit 5100 $12 Variable cost per unit 5 ED 3 3 Expected unit sales 21,000 14,000 Sales mix 60 percent 40 percent 100 percent I Fixed costs ' I $150,000 Assume the sales mi): remains the same at all levels of sales. Required: a] Calculate the weighted average contribution margin per unit. {1 mark] h] Howr many units in total must be sold to break even? {1 mark] c] How many units of each product must be sold to break even? {1 merit] cl] How many units of each product must be sold to earn a monthly profit of $100,000? [3 marks] e] Prepare a contribution margin income statement for the month- [3 marks] i] If the sales mix shifts more toward the P1 product than the P2 product. would the breakeven point in units increase or decrease? Explain. (Detail calculations are not necessary but may be helpful in confirming your answer.) [2 merits]