Question 1: CVP Total: 25 marks Alicia Company manufactures two products. Information about the two products is as follows: Product x Product Y Selling price per unit $80 $20 Variable costs per unit $35 $15 The company expects fixed costs to be $198,000. The firm expects 70% of its sales (in units) to be Product X and 30% to be Product Y. 1. Calculate the weighted average contribution margin or contribution margin by package 2. Determine the breakeven point in total units, and how much would come from product x and y 3. Determine the level of sales (in dollars) necessary to generate operating income of $135,000 Identify and explain 3 separate ways in which the company can use the above information to improve overall profitability. 4