(B) Cost and Revenue Details of three of its products (R. S and T) The Company is also providing some cost and sales details about other three products R. S and T as below: R S T Total Sales 10,000 15,000 20.000 45,000 Variable Cost 4,000 9,000 10,000 23.000 Fixed Costs (absorbed using a unit 3,000 3,000 3.000 9.000 absorption rate) Profit 3.000 3.000 7.000 13.000 Required (1) The CEO of Campbell wants to re-structure the existing decision-making process, the management accountant is seriously thinking about implementing five - step decision making process. In this context, explain about five step decision making process and explain how this approach can help Campbell to strengthen its key success factors. (20 marks) (2) Prepare Income Statement of Campell Sports Goods Manufacturers for the year 2020 taking information given above in (A). Show the calculations for cost of materials, cost of goods manufactured, and cost of goods sold. (20 marks) (3) Using sales and cost details given above in (B) for products R, S and T, (1) find contribution margin ratio (as a percentage) (5 marks) (ii) find the new contribution margin ratio (as a percentage) if the sales mix of products were to be changed to R-20%, S-50% and T - 30% on Total Sales (15 marks) (20+20 + 20 =60 marks) (B) Cost and Revenue Details of three of its products (R. S and T) The Company is also providing some cost and sales details about other three products R. S and T as below: R S T Total Sales 10,000 15,000 20.000 45,000 Variable Cost 4,000 9,000 10,000 23.000 Fixed Costs (absorbed using a unit 3,000 3,000 3.000 9.000 absorption rate) Profit 3.000 3.000 7.000 13.000 Required (1) The CEO of Campbell wants to re-structure the existing decision-making process, the management accountant is seriously thinking about implementing five - step decision making process. In this context, explain about five step decision making process and explain how this approach can help Campbell to strengthen its key success factors. (20 marks) (2) Prepare Income Statement of Campell Sports Goods Manufacturers for the year 2020 taking information given above in (A). Show the calculations for cost of materials, cost of goods manufactured, and cost of goods sold. (20 marks) (3) Using sales and cost details given above in (B) for products R, S and T, (1) find contribution margin ratio (as a percentage) (5 marks) (ii) find the new contribution margin ratio (as a percentage) if the sales mix of products were to be changed to R-20%, S-50% and T - 30% on Total Sales (15 marks) (20+20 + 20 =60 marks)