Problem 7 (Sales Mix; Break-Even Analysis; Margin of Safety) Jenni Fey manufactures and sells two products, Hun and Yun. Present revenue, cost and unit sales data for the two products appear below. Selling price per unit Variable expenses per unit Number of units sold monthly Fixed expenses are P66,000 per month. Hun P400 P240 200 units Yun P600 P120 80 units Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income statement showing both peso and percent columns for each product and for the company as a whole. b. Compute the break-even point in pesos for the company as a whole and the margin of safety in both pesos and percent of sales. 2. The company has developed another product, HY143, that the company plans to sell for P800 each. At this price, the company expects to sell 40 units per month of the product. The variable expense would be P600 per unit. The company's fixed expenses would not change. a. Prepare another contribution format income statement, including sales of HY143 (sales of the other two products would not change). b. Compute the company's new break-even point in pesos for the company as a whole and the new margin of safety in both pesos and percent of sales. 3. The president of the company was puzzled by your analysis. He did not understand why the break-even point has gone up even though there has been no increase in fixed expenses and the addition of the new product has increased the total contribution margin. Explain to the president what has happened