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The following is Siyaya Corporation's contribution format income statement for last month: Sales R2 800 000 Less variable expenses R1 680 000 Contribution margin R1

The following is Siyaya Corporation's contribution format income statement for last month:

Sales R2 800 000
Less variable expenses R1 680 000
Contribution margin R1 120 000
Less fixed expenses R780 000
Net income (profit) R340 000

A total of 56 000 units were produced and sold last month. The company has no beginning or ending inventories.

Required:

(a) What is the contribution per unit and the contribution to sales ratio? (6)

(b) What is the companys breakeven in sales Rands? (6)

(c) How many units would the company have to sell to attain a target profit of R550 000? (6)

(d) What is the companys margin of safety? (6)

(e) What is the company's degree of operating leverage in Rands? (6)

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