JJ Asian Cuisine has been in the business for a while. They have decided to conduct CVP analysis to understand the likely impact of decisions they are considering on changes to their profitability. To the best of their knowledge the estimates are based on and are consistent with the revenue and cost behaviours of the past. Jason and James provide you with budgeted information for July and August 2021. Budgeted information for July & August 2021 July August % change Sales $ 40,046.40 $ 48,060.00 20.01% Packaging used S 2.224.80 $ 2.670.00 20.01% Groceries used $10.957.14 $_13.149.75 20.01% Petrol $ 667.44 $ 801.00 20.01% Advertising $ 300.00 $ 300.00 0.00% Wages $11.555.72 $11.583.54 0.24% Depreciation S 261.11 S 261.11 0.00% Rent $ 1.320.00 $ 1.320.00 0.00% Electricity and Gas $ 1,617,36 $ 1.929.00 19.27% Water $ 151.24 $ 173.50 14.72% Additional Information Selling Price.ru $ 7.20 Wages details Jul Aug Full time chef $ 6.250.00 $ 6.250.00 Full time kitchen hand $ 3,833.33 $ 3,833.33 Part time kitchen hand $ 1,333.33 $ 1,333.33 Casual $ 139.05 $ 166.88 $ ul Required: A. Identify the fixed, variable and mixed cost items. B. Calculate monthly fixed cost and variable cost for July and August. C. Calculate contribution margin and contribution margin ratio D. Calculate the Jl Cuisine monthly break-even point in units and in sales dollars. E. Calculate profit (loss) for August. F. If J&J Cuisine, wished to break even at their estimated level of activity for August, what selling price would need to be set in August, in order for this to occur. Treat the following independently from each other. G. Jason is deciding whether to undertake an MBA qualification from July. This means than J&J Cuisine will have to hire a full time manager to cover Jason. The full time manager would be paid $2,500 per month. What would be the new monthly B.E point if this were to occur. H. Jason and James believe that due to the current drought in Australia, there is likely to be a 4% increase in the cost of groceries going into the new financial year. Recalculate the new break- even point in light of this likely change. 1. Outline to Jason and James the assumptions underlying CVPA