online Question 2 14 marks Question 2 14 marks Use the following information to answer the question. You must show your calculations and present your work neatly and in a suitable format Chuong & Co Ltd make a single product. The budget for January is: Number of units produced and sold 2,500 Sales revenue Material Variable production labour cost Other variable costs Fixed production cost 135,000 31.250 50,000 13,750 28.800 123.800 11.200 Profit Required: a. Calculate revenue and each element of variable cost per unit. Calculate the contribution per unit (4 marks) b. Calculate the breakeven point (2 marks) c. Calculate the number of units and the value of sales required to make a profit of 20,00 (3 marks) d. Calculate the margin of safety in units and as a percentage of expected sales (3 marks) e. Calculate the expected profit if 2,800 units are sold (2 marks) Complete your answers in the spaces on the next page You may enlarge the boxes and continue onto another page if you need to You are recommended to show your workings Sales revenue per unit Materials per unit Variable production labour cost per unit Other variable costs per unit a. Contribution per unit a. Calculate revenue and each element of variable cost per unit. Calculate the contribution per unit (4 marks) b. Calculate the breakeven point (2 marks) c. Calculate the number of units and the value of sales required to make a profit of 20,00 (3 marks) d. Calculate the margin of safety in units and as a percentage of expected sales (3 marks) e. Calculate the expected profit if 2,800 units are sold (2 marks) Complete your answers in the spaces on the next page You may enlarge the boxes and continue onto another page if you need to You are recommended to show your workings Sales revenue per unit Materials per unit Variable production labour cost per unit Other variable costs per unit a. Contribution per unit b. Break-even point c. Target profit d. Margin of safety e. Expected profit