Question 1 [20 marks] Medupi Company manufactures and sells a single product. The company's revenue and expenses for the last quarter were as follows: Total Per Unit Revenue R450 000 Less Variable expenses 180 000 12 Contribution Margin R30 270 000 R18 8 Page PBA4807 JULY AUGUST 2021 PORTFOLIO EXAMINATION 216 000 Less Fixed Expenses Net operating Income R54 000 Required 1. What is the quarterly break-even point in units sold and in Rand value? (5 marks) 2. What is the total contribution margin at the break-even point? (1 mark) 3. How many units would have to be sold each quarter to earn a target net Profit of R90 000? Use the unit contribution method. Verify your answer by preparing a contribution statement of profit or loss at the target level of Revenue. (7 marks) 4. Refer to the original data and calculate the Company's margin of safety in both rand value and percentage terms. (2 marks) 5. What is the company's CM ratio? if revenue increases by R50 000 per quarter and there is no change in fixed expenses. By how much would you expect Quarterly profit to increase