Q3. Style Limited produce and sell single product. Data relating to last year operating as follows $ Selling price 45 Variable expenses 0.48000000000000015 ratio Fixed expenses 140000 Number of units sold 19000 Requirements Prepare contribution format income statement to compute net operating income of the company. (05 marks) Calculate breakeven point in units, in dollar sales, margin of safety in percentage, and degree of operating leverage. Briefly interpret results you have calculated (15 marks) President of the company wants to increase sales commission of sales persons in order to boost sales. He thinks increase in sales commission (variable expenses) will result in increase of sales units by 50% and net operating income will increase by 20%. If these changes take place what will be the new breakeven point in units. There will be no change in fixed expenses (05 marks)