Question 2 Normad Ltd had launched two new products called Fizzy Cold Drink and Juice Punch. They are planning to introduce and promote their drinks in a three-day Tourism Exhibition. The following information about each product and the costs involved; Fizzy Cold Drink The selling price is $ 20 per unit. The variable costs account for 20% of the selling price. The expected daily rate of $ 2,000 in fixed costs. It is estimated that they can sell 300 of Fizzy Cold Drink each day. Juice Punch The selling price is $ 30 per unit. The variable costs account for 25% of the selling price. The expected daily rate of $ 3,750 in fixed costs. It is estimated that they can sell 250 of Juice Punch each day. Required: a) Calculate the total contribution and total profit from Fizzy Cold Drink and Juice Punch. b) Calculate the break-even points in revenue and in profit for Fizzy Cold Drink and Juice Punch. c) Determine the margin of safety as a percentage and in unit for Fizzy Cold Drink and Juice Punch