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Suppose, you want to commence a small business with your friends during Aimst Food Carnival to collect fund for SGFS leisure trip to lGenting Highland.

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Suppose, you want to commence a small business with your friends during Aimst Food Carnival to collect fund for SGFS leisure trip to lGenting Highland. Determine how many quantity in units (Q) and value in Ringgit (RM) of food product needed to sell in order to achieve the breakeven and targeted profit by using Cost Volume Profit analysis. Please introduce your business briefly. a) Identify and briefly explain the Fixed and Variable cost involved in order to run your small business. (10 marks) b) Your analysis must include the 3 methods for the calculation of break-even point and targeted profit (in quantity and RM Value) as below: i) The Equation method (10 marks) ii) The Contribution margin method (10 marks) iii) The Graphical method (use graph paper) (10 marks) FORMAT SPECIFICATION: Font : Times New Roman Size : 12 Line spacing : 1.5 lines Alignment : Justified

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