Question 1: CVP Time: 25 minutes Total: 20 marks Jonah Hill Company manufactures two products. Information about the two products is as follows: Product X Product Y Selling price per unit $80 $30 Variable costs per unit 45 15 Contribution margin per unit $35 $15 The company expects fixed costs to be $189,000. The firm expects 60% of its sales (in units) to be Product X and 40% to be Product Y (a sales mix of 3:2). a . Calculate the weighted average contribution margin or contribution margin by package (2 marks) b . Determine the breakeven point in total units, and how much would come from products X and Y (6 marks) BUSI 2083 INTRODUCTION TO MANAGERIAL ACCOUNTING 106C. Determine the level of sales (in dollars) necessary to generate operating income of $135,000 (6 marks) d. Identify and explain 3 separate ways in which the company can use the above information to improve overall profitability. (6 marks) BUSI 2083 INTRODUCTION TO MANAGERIAL ACCOUNTING 107