3: ABC Company is a whole sale supplies company which employs sales persons to market the company products in the country. The sales persons currently receive a commission of 15% of sales, hot they are demanding an increase of 5% of sales made. The following budgeted income statement is prepared Before learning of the sales persons demands of commission increase: ABC Company Budgeted Income Statement for year 2011(Dinar) Sales Cost of goods sold Gross Margin Selling and Adm. Exp: Commissions 750,000 Other Expenses (fixed) 350.000 Net income 5,000,000 2000,000 L110.000 900,000 Required: Compute the estimated break-even point in sales dinars for ABC Company for year 2011 based on the above budgeted income statement 2. Compute the estimated volume in sales dinars that would be required for year 2011, to yield the same net income as projected in the above budgeted income statement if it is agreed on the demand of sales person of commission increase 3 Compute the safety margin and the operating leverage for ABC Company if commission was not R-6CM 20