Question 1: CVP Time: 30 minutes Total: 20 marks Jonah Hill Company manufactures two products. Information about the two products is as follows: Product X Selling price per unit Product Y $30 $80 Variable costs per unit 40 20 $10 Contribution margin per unit $40 The company expects fixed costs to be $185,880. The firm expects 90% of its sales (in units) to be Product X and 10% to be Product Y (a sales mix of 9:1). Calculate the weighted average contribution margin or contribution margin by package (4 marks) a. b. Determine the breakeven point in total units, and how much would come from products X and Y (7 marks A Determine the minimum level of sales (in dollars) necessary to generate operating income of $184,980 (6 marks) d. Identify and explain 3 separate ways in which the company can use the above information to improve overall profitability