Exercise 1) Good'n'Yummy produces and sells some tasty TV dinners (Buffalo Burger, Crab Cake, and a Pioza Meal). Last year, Good'n'Yummy sold 14154 Buffalo Burger Meals, 42462 Pizza Meals, and 28308 Crab Cahe Meals. Fixed costs-during the last year were $30571.53. Information on the two products is as follows : Some of the employees at Good'n'Yummy came up with a great idea to add a Meatloaf Meal, a Hot Dog Meal, a Fish Stick Meal, and a Veggie Burger Meal! The company estimates that 7,077 Meatloaf Meals can be sold ar a price of $7.05 and a contribution margin per unit of $3.85 . The company estimates that 63693 Hot Dog Meals can be sold with a markup of 104 percent of variable costs. The company estimates that 49539 Fish Stick Meals can be sold at a price of $6.84 and a variable cost per unit of $ 3.07 The company estimates that 21231 Veggie Burger Meals can be sold and will have a variable cost of $ 2.97 and a contribution margin ratio of 67 percent. Fixed cost will be increased by $ 9902.66 due to the addition of the Meatloaf Meal, $ 13132.13 for the addition of the Hot Dog Meal, $ 17001.01 for the addition of the Fish Stick. Meal, and $ 10,789.87 for the addition of the Veggie Burger Meal. Total variable costs for the Hot Dog Meals are estimated to be $175155.75. Assume that anticipated sales of other products, as well as their prices and variable costs, will remain the same. Requierment: 1. What is the sales mix of Buffalo Burger, Pizan, Meatloaf, Crab Cake, Veggie Burger, Fish Stick, and Hot Dog Meals? 2. How many units of each product does the company have to sell to break-even assuming the same sales mix? 3. Prepare a contribution margin operating income statement for Good'n'Yummy for the coming year. 4. What is the overall contribution margin ratio? 5. What is the margin of safety for the-coming year in sales dollars? 6. By how much is Good'n'Yummy better or worse off with the addition of these four tasty meals?