QUESTION 1 QP Drinks Processing Berhad is company that manufactures varieties of natural fruit juices and instant health drinks for kids and adults. Given are the report of estimated sales and costs to incur and summary for 1,000,000 bags of 3-in-1 instant breakfast cereal drinks expected to sell in the first quarter year 2022: Required (a) (b) Each bag of 3-in-1 instant breakfast cereal drinks consists of 12 small packages. The company introduced the product to the market since April in year 2021 and the demand for the product continues to increase and selling price per bag remains the same since. (c) (d) (e) Summary of sales and costs Sales Revenues Variable costs Fixed costs RM Based on the information above, prepare the CVP income statement for QP Drinks Processing Berhad's 3-in-1 instant breakfast cereal drinks for the 1" quarter ended on 31 March 2022 showing the net income, selling price per unit, cost per unit and percent of sales data. (Note: Not required to show workings.) (5.5 marks) 6,750,000 3,240,000 1,860,300 Compute the units of bags required to sell at break-even point for 3-in-1 instant breakfast cereal drinks for the first quarter using mathematical equation. (Note: Show all workings) (2 marks) NWMFMS Compute the required sales if the company plans to achieve net income of RM1,835,000 for the first quarter in year 2022 using contribution margin method. (Note: Show all workings and answer in 2 decimals.) (2 marks) DMG5034 Compute the new contribution margin per bag and contribution margin ratio per bag if the Managing Director of QP Drinks Processing Berhad decides to increase the selling price for each bag of breakfast cereal to RM8.00 starting from 1st April 2022. (Note: Show all workings) (3 marks) Based on the answer in (d), compute the new units of bags required to sell at break- even point for 3-in-1 instant breakfast cereal drinks for the first quarter using contribution margin method. (Note: Show all workings and answer to nearest round figure) (1.5 marks) MANAGEMENT ACCOUNTING Page 1 of 7 TRI2210 Assume you are the sales manager of QP Drinks Processing Berhad. Do you agree with the Managing Director's decision to increase the selling price per bag. Do provide ONE (1) reason to your answer. (1.5 marks) (Total: 15.5 marks)