Question 03 (20 Marks) The Nuwan Company Pvt. Ltd. sells two products; product X and product Y. The information about sales price, variable expenses per unit and total fixed expenses is given below: Sales Price per Unit Variable Expenses Per Unit Product X Rs. 50 Rs. 30 Product Y Rs. 100 Rs. 40 The total monthly fixed expenses of the company are Rs. 270,000. The company wants to generate a sales revenue of Rs. 1,000,000 in the next month. To obtain this goal the company has following options; a) Sell 6,000 units of product X and 7,000 units of product Y. b) Sell 14,000 units of product X and 3,000 units of product Y. Required: i. Prepare contribution margin income statement and calculate break-even point if Nuwan Company decides to select option (a). (06 Marks) ii. Prepare contribution margin income statement and calculate break-even point if Nuwan Company decides to select option (b), (06 Marks)