The Bratz company manufactures and sells three products lines (L1,L2 & L3). Last month total revenues were $2,000,000 the total operating income was $160,000 (8% of revenues). Its weighted- average contribution margin percentage is 54%. Required: 1. Calculate the total fixed cost, the company's breakeven point and prepare the Income Statement Report. The products lines LI &L2 sales mix are 25% and 35% respectively. Their contribution margin percentages are 60% and 50% respectively. Required: 2. Prepare the income statement per products lines (LI, L2, &L3) showing the contribution margin % per products lines and total revenues for the last month if the sales mix planned is attained. Details about the weighted-average variable cost and weighted-average contribution margin percentage are as follows: Income Statement Revenues Variable costs: 100 46 Direct Materials used Direct labour costs 16 12 Variable overhead Variable marketing costs Contribution Margin 12 6. 54 For the next month, the following changes are considering: A 4% increase in revenues, a 2% decrease in direct materials used, a 5% increase in direct labour costs, a 2,5% increase in variable overhead, a 3% increase in variable marketing costs, and a 2,5% decrease in fxed costs