1. Jackpot company sells a single product, has provided its contribution format income statement for June. Contribution Income Statement Sales (12,000 units) .......... 72,000 Variable expenses 48,000 Contribution Margin 24,000 Fixed expenses 10,000 Net Operating Income 14,000 HERRER Required: a. Prepare Contribution Income Statement assuming that the business expects an increase in its total sales (total revenue) by $3,000 and decrease in variable cost per unit by 10%. (4 marks) 2. The following information was provided by Muscat business for the current year: Number of units Selling price Variable cost Fixed expenses 8000 $10 $6 $2,000 a. Calculate Break even point in sales dollars. (1 mark)