Question 3 Hi-Fi Cooperatio the Laser Switch. the master budget is the contribution expected from the Laser Switch. The records for this component for the past four years are summarised below, with the cost and revenues adjusted to 2018 values (14 marks) n Ltd produces a wide range of electronic components including its best-selling item, The company is preparing the budgets for 2019 and knows that the key element in 2017 200 000 2018 230 000 NS) 2015 2016 Sales units150 000180 000 (NS) (NS) 293 000 (NS) 2000 448 000 178 000 184 000 Sales revenue 346 000 162 000 184 000 200 000 248 000 Variable costs 131 000 162000 It has been estimated that sales in 2019 will be 260 000 units. Requirement: Using the line ar regression method, determine the contribution at planned output of 260 000 units (9 marks) Question 4 a) Distinguish between the following concepts providing an llustration on each: (i) Product cost and period cost (i) Avoidable cost and unavoidable cost (ii) Opportunity cost and sunk cost (iv) Fixed cost and variable cost END OF TEST PAPER