Graff Food is a multi-product company that makes three types of cereal. Following table shows a one-month sales of each product:

	Type 1	Type 2	Type 3
Variable Cost per unit	P250	P375	P450
Price per unit	P500	P600	P750
Unit sold	2050	1500	1300

REQUIREMENTS:

a. Calculate the separate contribution margin ratio for each product b. Calculate the weighted-average contribution margin ratio of the company as a whole. c. If the company's fixed costs are P41,700 per month, calculate the breakeven distribution of products. d. Make income statement by the type of cereal at the end of the month