QUESTION 1 Real Service Ltd manufactures and sells a single product which has the following cost and selling price structure: GHe per unit GHe per unit 150 Selling price Direct material 30 Direct Labour 32.5 Variable Overhead 42.5 25 Fixed Overhead Profit per unit Total fixed overheads is GHS90,000 and budgeted sales for the next month are 1,250 units. You are required to calculate a) The breakeven point in sales units and value b) The margin of safety for the next month in units and percentage c) The contribution to sales ratio d) The budgeted profit for the next month e) The sales units and value required to achieve a targeted profit of 67,500 f) State four assumptions for cost-volume profit analysis g) State and explain five purposes of budgeting 2018| 13