#1, Managerial Accounting (20 points) Below are costs for Chloe's Cupcakes. - Advertising $125/month Assistant baker $20/hour, 75 minutes per batch - Butter $1.20/100 grams, 1250 grams per batch - Chloe's Salary* $70,000/year (50% head baker, 50% store manager) Cupcake paper liners $5/batch - Eggs $4/dozen, 2 dozen/batch Flour $8/kg, 3kg/batch -Icing Sugar $3/kg, 2.5kg per batch - Shop Rent* $1600/month (60% bakery, 40% showroom/sales centre) - Sugar $1.50/kg, 2kg/batch Utilities* $500/month (75% bakery, 25% showroom) Website $100/month On an average month, Chloe sells 3500 cupcakes (35 batches of 100 cupcakes). Using the selected data, determine the shop's monthly; a) direct materials b) direct labour c) manufacturing overhead d) product costs e) period costs f) total costs#2, Cost-Volume-Profit (20 points) a] Based on answers in Q1, what does Chlo have to charge per cupcake to break even in an average month? b) Prepare a 2oolumn CVP Income Statement for May 2022 if Chlo Cupcake sells 3500 units for $4 each [1 column for S, the other for 9'6) a. What is Chloe's Cupcakes prot margin in an average month? b. Does this seem healthy to you? Explain why or why not. There is no rightfwrong answer, points will be granted based on how you back up your opinion. c) What is the contribution margin per unit? d) At a sale prioe of $4 per cupcake a. what is Chloe's Cupcakes breakeven sales units? b. What is their margin of safety {units}? c. What is their margin of safety {ratio}? e] If Chlo wanted a target net income of $5000fmonth a. How many units would she have to sell at $4? b. How many units would she have to sell if she increases unit price to $4.50? #3, Cost-Volume-Profit; Additional Issues (10 points) Wanting to explore new revenue streams, Chlo decides to start selling gourmet cookies and she starts off this new venture by selling {on average) 750 cookiesfmonth at $1.50 each. Variable costs per cookie are $0.55. a} What is the sales mix percentage of units sold? b} What is the weighted average contribution margin? Calculate 2 oolumns; one for $, one for $3 a. Based on this result, was this a good business decision for Chloe? Why or why not? c} Assuming the xed costs determined in 2b stay the same, what is the revised breakeven point {units}