INSTRUCTION: Read the questions carefully and use the information provided in each question to answer that question. Show all your calculation and workings. QUESTION 2 ABC Company has the following data for the month of May 2019: Unit Sales Price Total Variable Costs Fixed Costs Units sold OMR 40 OMR 60,000 OMR 18,520 3,450 units Requirements: 1. Prepare a CVP income statement for ABC. Provide (@) per unit values and (b) total (Rubric: 0.25 mark for the correct formulas and calculations, 0.25 mark for the income statement table and 0.5 for the correct answer. Total 2 marks) 2. What is the contribution margin ratio? (Rubric: 0.5 mark for the correct formula and the calculations and 0.5 for the correct answer. Total 1 marks) 3. What is the break-even point in dollars? (Rubric: 0.5 mark for the correct formula and the calculations and 0.5 for the correct answer. Total 1 marks) 4. What is the margin of safety ratio? (Rebuie marchande formula and the calculationer