answer questions 11 and 12. Kindly not handwritten

19 5 16 11 12 13 2 Topic: Multiple-Product Cost-Volume-Profit Analysis 11. Point Company sells three different products that are similar, but are differentiated by various product features. Budgeted sales by product and in total for the coming year are shown below Percentage of total sales Sales Less Vanable costs Contribution margin Less Fixed expenses Net operating income Standard 48% $120,000 36 000 $84.000 Product Deluxe 20% $50,000 40.000 $10,000 Premium 32% $80,000 44.000 $36,000 Total 100% $250,000 120 000 $130,000 $117 000 $ 13.000 The break-even point in sales dollars for Point Company is Topic: Functional Income Statement 12. Presented is Violet Company's Contribution Income Statement VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020 Sales $200,000 Less vanable costs: Direct materials $50,000 Direct labor 20.000 Variable factory overhead 60.000 Variable S&A expenses 12.000 (142 000) Contribution margin $58,000 Less foxed costs Factory overhead $ 13,000 Fixed S&A expenses 12.000 (25.000) Net income $.33.000 With a functional income statement, Violet would have reported a gross margin of