1. A company produces two products Lyn and Myn which are types of oil pants in the month of January 2017, data relating to the two products were recorded as follows:

Products	Sales ($)	Cost of sales ($)	Fixed cost ($)
Lyn	60,000	42,000
Myn	60,000	30,000
Total	120,000	72,000	36,000

Required:

1. Calculate the profit volume ratio for each product
2. Compute the profit volume ratio, break-even point and net profit for the company under each of the following assumptions.

1. Sales ratio for Lyn 60% and Myn 40%
2. Sales ratio for Lyn 40% and Myn 60%

3. Construct a profit volume chart showing profits estimated on sales up to $180,000 per month for each of the (i) and (ii) above