Task 3: Cost-Volume-Profit Analysis Woods & Co. has prepared a budget for the next 12 months when it intends to make and sell four products. Details of the expected sales volume, and standard price and cost are shown below: - Variable Cost (RM 14.00 8.00 4.20 7.00 Product ) Sales (Units) 10,000 10,000 50,000 20,000 Selling Price (RM) 20 40 10 Budgeted fixed costs are RM240,000 per annum. Required: a. Calculate the total contribution earned by each product and their combined total contributions. b. Calculate the breakeven point and breakeven sales revenue for Woods &Co c. Calculate the margin of safety in percentage and in units for Woods & Co. and interpret your (2.5) answer. (4.5) Suggest THREE (3) ways in which Woods &Co. may further improve their overall contribution to sales. d. Explain TWO (2) uses of the cost-volume-profit (CVP) analysis and ONE (1) difference between the economist's and accountant's model. e. (Total : 20)