QUESTION 2 Ekikime Ltd produces and sells bottled non-alcoholic ginger drinks. Revenue and cost information for a pack of drink is as follows: Selling price per pack Cost of ginger and other additives per pack Other variable cost Monthly fixed cost 80 30 15 28,000 Ekikime Ltd's annual budgeted production and sales volume is 10,800 packs of drinks. Sales are expected to occur evenly throughout the year. Required: a. Present a profit statement to show contribution and profit for the year, if the 4 mark company achieves the budgeted production and sales level 1 mark 2marks b. How many packs of drinks should Ekikime sell annually to break-even? 4 marks c. What will be the revenue at the annual break-even point? d. Compute the margin of safety (in packs of drinks) for the company e. How many packs of drinks should Ekikime Ltd sell monthly if it is to achieve a monthly profit target of GHC7,000? (Assume no tax) 4 marks f. What will be the incremental number of packs of drinks to sell if corporate tax rate of 25% applies, and Ekikime still wants to achieve a monthly profit target of GHC7,000? 2 marks g. State two (2) limitations and one (1) usefulness of cost-volume-profit analysis. 3 marks