Slipper Slides Limited presently produces jeans across Australia and New Zealand through a variety of specialist stores.

The management of Slipper Slides Limited is currently planning for the next financial year (that is, January 1, 2024 to December 31, 2024) and have requested projections for key input estimates.

During the current financial year (that is, January 1, 2023 to December 31, 2023), Slipper Slides Limited is on pace to produce and sell 20,000,000 jeans. Nearly 75% of this production output is sold to Goofy Goofy Retail Limited.

The average selling price of pair of jeans produced and sold during the current financial year for Slipper Slides Limited is $55.20.

For the current financial year, the following per-unit variable costs have been determined for each pair of jeans:

Direct Material $5.45

Direct Labor $6.65

Variable Manufacturing Overhead $3.99

Variable Selling Expense $4.12

In addition, for the 2023 financial year fixed manufacturing overhead will total $231,222,650, fixed administrative overhead $255,111,050 and fixed marketing overhead $225,091,222.

The management of Slipper Slides Limited estimate that jeans production and sales in the 2024 financial year will grow 10%. Sales prices, meanwhile, will increase by 8% in 2024.

Finally, all variable and fixed costs associated with the production and sale of jeans is estimated to increase annually by 12% and 6% respectively.

Also, starting from January 1, 2024 Slipper Slides Limited will introduce two new products. The key financial information related to these products are as follows:

Activity	Shirts	Shoes
#Units to be produced and sold in 2024	13,200,000	8,800,000
Selling Price	$61.90	$85.90
Direct Material (per unit)	$10.01	$15.11
Direct Labour (per unit)	$4.50	$6.50
Variable Manufacturing Overhead (per unit)	$8.73	$12.73
Variable Selling Expense (per unit)	$2.98	$9.98
Fixed Manufacturing Overhead (total)	$111,158,0000	$119,698,0000
Fixed Administrative Overhead (total)	$88,222,0000	$53,578,0000
Fixed Marketing Overhead(total)	$199,260,0000	$79,555,0000

Note: Increases in sales prices, volume, variable costs and fixed costs for jeans in 2024 do not apply to the production and sale of shirts and shoes.

Required:

1) Prepare the 2023 financial year (i.e., January 1, 2023 to December 31, 2023) CVP income statement in dollars (not per unit) based on data for 2023.

2) Assuming a sales mix of 50:30:20 in 2024 for jeans:shirts:shoes, calculate the contribution margin per unit for the noted sales mix.

3) Calculate the total number of units that are required to be sold in 2024 in order for Slipper Slides Limited to breakeven given the 50:30:20 (jeans:shirts:shoes).

4) Assume in 2024 the minimum net income Slipper Slides Limited wishes to achieve is $845,000,000. Give the sales mix of 50:30:20 (jeans:shirts:shoes), what is the number of units required to be sold to achieve this goal?