Question 1 Tak Lakoo sells only one product. The statement of comprehensive income for 2020 provided below. RM Sales 50,000 Less variable expenses (30,000) Contribution margin 20,000 Less fixed expenses (12,500) Net income 7,500 Required: Complete the statements below. Show relevant calculations. (a) Contribution margin ratio is % (5 marks) (b) Breakeven point in total sales ringgits is RM [5 marks) (c) To achieve RM40,000 in net income, sales must total RM (5 marks) (d) If sales increase by RM50,000, net income will increase by RM (5 marks) Question 2 Lintang Bistari manufactures and sells tablets and uses standard costing. For the month of September 2020 there was no beginning inventory, there were 3,000 units produced and 2,500 units sold. The manufacturing variable cost per unit is RM385 and the variable operating cost per unit was RM312.50. The fixed manufacturing cost is RM450,000 and the fixed operating cost is RM75,000. The selling price per unit is RM925. Required: Prepare the income statement for Lintang Bistari for September 2020 under variable costing [20 marks]