Additional information about selling prices, variable costs and fixed costs is summarized below: - The sales price for customer meals is $5 per serving. - The average direct materials (ingredients) cost of customer meals is $1 per serving. - Direct labor costs average $0.75 per customer meal. - Variable manufacturing overhead costs are applied at a rate equal to 60% of direct labor. - Delivery expense for customer meals is $2 per customer order. - The incremental cost of producing donated meals is $1.25 per meal. - The donated meals are delivered in batches of 500 to save time and delivery costs: each delivery costs $125. - The following fixed costs are allocated to customer meals based on total sales revenue: Fixed manufacturing overhead costs are $75,000 per year. Fixed selling expenses are $29,000 per year. Fixed administrative expenses are $40,000 per year. Based on this information, prepare a segmented (contribution margin) income statement for Bene a) What was Bene Petit's net operating income during the first year of operations? b) What was the average contribution margin per customer meal sold? c) What was the overall contribution margin ratio (as a percentage of total sales revenue)? d) What is Bene Petit's breakeven point based on the current mix of customer meals? How many single-, dual- and family-sized meals must be sold to breakeven? e) How much is total sales revenue at the breakeven point? (Remember: we need to assume a constant sales mix when we have multiple products.) f) What was Bene Petit's margin of safety for the first year of operations? g) What is Bene Petit's degree of operating leverage for the first year of operations? Note: the following are independent scenarios... h) If sales increase by 10% during the second year of operations, how much operating profit will Bene Petit earn, assuming all other variables remain the same? i) If the sales mix shifts to 10% single serving, 20% dual serving and 70% family-size, how many total meals must be sold to earn $106,000 in net operating income. j) If Bene Petit wants to earn increase net operating income to $121,000 by changing only the selling price per serving, what should the new price be