Part 1 Cutlass Company's projected profit for the coming year is as follows: To_taJ Per Unit Sales $60,000 $10 Total variable cost M g Contribution margin 12,000 $2 Total fixed cost 9,000 Operating income $3,000 Required: 1. Compute the break-even point in units. 2. How many units must be sold to earn a profit of $2,000? 3. Calculate the degree of operating leverage. Now suppose that Cutlass revises the forecast to show a 40% increase in sales over the original forecast. What is the percent change in operating income expected for the revised forecast? What is the total operating income expected by Cutlass after revising the sales forecast? Part 2 Alpha Company produces and sells two products: Basic and Deluxe. In the coming year, Alpha expects to sell 1,500 units of Basic and 1,000 units of Deluxe. Information on the two products is as follows: Basic Deluxe Price 80 160 Variable cost per unit 50 80 Total fixed cost is $30,000. Required: 1. What is the sales mix of Basic to Deluxe? 2. Compute the break-even quantity of each product