Revenue mix, three products. The Mendez Company has three products, tote bags H, J, and K. The president plans to sell 200,000 units during the next period, consisting of 80,000 units of H, 100,000 units of J, and 20,000 units of K. The products have unit contribution margins of $2, $3, and $6 respectively. The company's fixed costs for the period are $406,000. REQUIRED 1. Compute the budgeted operating income. Compute the breakeven point in units, assuming that the given revenue mix is maintained. 2. Suppose 80,000 units of H, 80,000 units of J, and 40,000 units of K are sold. Compute the budgeted operating income. Compute the new breakeven point in units if these relationships persist in the next period. Job costing, law firm. Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average budgeted total compensation per professional for 19_6 is $104,000. Each professional is budgeted to have 1,600 billable hours to clients in 19_6. Keating is a highly respected firm, and all professionals work for clients to their maximum 1,600 billable hours available. All professional labour costs are included in a single direct cost category and are traced to jobs on a per- hour basis. All costs of Keating & Partners other than professional labour costs are included in a single indirect cost pool (legal support) and are allocated to jobs using professional labour-hours as the allocation base. The budgeted level of indirect costs in 19_6 is $2.2 million. REQUIRED 1. Present an overview diagram of Keating's job costing system. 2. Compute the 19_6 budgeted professional labour hour direct cost rate. 3. Compute the 19_6 budgeted indirect cost rate per hour of professional labour. 4. Keating & Partners is considering bidding on two jobs: a. Litigation work for Richardson, Inc. that requires 100 budgeted hours of professional labour b. Labour contract work for Punch, Inc. that requires 150 budgeted hours of professional labour Prepare a cost estimate for each job