Question 1: The Canners Ltd. budgets to sell 3 products and has provided you with the following selling prices and variable costs: Variable Cost Product Sales Selling Price per Units per unit unit Alpha 600,000 10 wOUR Beta 400,000 Gamma 1,000,000 6 Annual fixed costs are budgeted at $4,000,000. Required: (a) Calculate the total budgeted profit. (b) Calculate the contribution / sales ratio for each product. (c) Calculate the breakeven sales volume per product in total. (d) How many units of each product and in total would Canning Ltd need to sell to earn a total profit of $6,000,000? (e) Management are deciding whether or not to spend an extra $400,000 on advertising and sales promotion of Product Alpha. It is considering reducing its selling price to t9 per unit, resulting in expected sales of 800,000 units. Advise whether or not it is financially worth while spending $400,000 on the advertising and sales promotion