Sales $301050 'Variable Manufacturing lCosts 131,100l |Variable S & A Costs Em- Fixed Manufactlng 81,000- Fixed 5 3: A ,m' NI $23,100l 1. {15 marks) AssumIng the rm has no begInning Inventory, prepare a traditional format income statement for the month. 2. {6 marks] Suppose the rm set Its target net Income at $50,000- per month. How many units would It have to sell In order to achIeve that level of Income? Assume variable costing for thIs problem. 3. {14 marks] Suppose that In March the rm raises its selling price by10% due to an increase In variable manufacturIng costs of$.?5 per unit. Prepare the contrIbutIon format Income statement that wIII result. Assume no changes in other costs or unIt sales