AULad manufactures and sells a single product, the company's sales and expenses for the month of January 2021 Question Thre were as follows Total (Kshs) Value per unit(Kshs) Sales 80.00 1.200.00 Contribution Less Variable expenses 36.00 840.00 24.00 360 00 Less Fixed expenses 300.00 Net income 60.00 Required: (i) (ii) (iii) (iv) (V) What is the monthly breakeven point in units and in shillings? (2marks) What is the total contribution margin at breakeven point? (2marks) How many units would be sold each month to earn a minimum target net income of kshs. 36,000? (10marks) Using the original data, compute a company's margin of safety in both shilling and in percentage terms. (3marks) What is the contribution margin ratio, if the monthly sales increase by Kshs 16,000 (4marks) Question Four (a) A chemical process has a normal wastage of 10% of input. In a period, 2.500bags of material were input and there was abnormal loss of 75 bags. What quantity of good output was achieved? (b) P Ltd produces a certain food item in a manufacturing process. During Dec 2021,500units of material were (5marks) input to process, with a cost of Kshs 9,000 Direct labour cost for the month was Kshs 3.840 Production overhead is absorbed at rate of 200% of direct labour cost. Closing WIP in the month were 100 units. These were 80% complete. There was no loss during the process Required (0) Determine the unit cost of an item. (2marks) Determine the full production cost of completed units during the month of Dec 2021 (15marks) Determine the value of w-i-p as at 31 December 2021 (marks)