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Mr Zoo is planning to set up a mini Zoo in Howick.The following relates to different pricing plans of visiting thezoo and costs of running the zoo.Pricing Plan 1 - $30 per person (a special pack will beincluded)Pricing Plan 2 - $25 per visitor (the special pack not to beincluded)Variable Costs per visitorSpecial Pack - $8Zoo Consumables - $7Zoo Expenses - $2Total Fixed Costs - $200,000REQUIRED: Studythe information above then answer the following questions.Using the CVP formula, calculate the number of units (and itsdollar amount) for achievingBreakevenA profit of $30,000 for both plans.Calculate the Contribution Margin ratio for both plans.Describe the meaning of Contribution Margin ratio.Explain the relationship between Contribution Margin ratio andNumber of Breakeven units.Explain why it is important to calculate Margin of Safety.State TWO examples of fixed cost in relation to the zoo.Write a report to Mr Zoo for recommending which pricing planshould be adopted. Your recommendation should include at least ONEpiece of financial and ONE piece of non-financial information.