Question 4: Prepare a hypothetical Contribution Income Statement of your own choice (Different than given in...

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Question 4: Prepare a hypothetical Contribution Income Statement of your own choice (Different than given in the book). You are required to show the following effects; (15) Required: 1. You are confident that 15% increase in the fixed cost would bring an increase of 27% in the sales. Is this a profitable decision? 2. A Cost and Management Accountant suggests that if you increase your variable cost by 11% and fixed cost by 17%, the sales for the next period could increase up to 39%. Calculate and see will this suggestion bring you higher profitability? Question 4: Prepare a hypothetical Contribution Income Statement of your own choice (Different than given in the book). You are required to show the following effects; (15) Required: 1. You are confident that 15% increase in the fixed cost would bring an increase of 27% in the sales. Is this a profitable decision? 2. A Cost and Management Accountant suggests that if you increase your variable cost by 11% and fixed cost by 17%, the sales for the next period could increase up to 39%. Calculate and see will this suggestion bring you higher profitability?