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Question 1: CVP Time: 30 minutes Total: 20 marks Jonah Hill Company manufactures two products....

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Question 1: CVP Time: 30 minutes Total: 20 marks Jonah Hill Company manufactures two products. Information about the two products is as follows: Product Y $80 $30 40 20 $40 $10 Product X Selling price per unit Variable costs per unit Contribution margin per unit The company expects fixed costs to be $185,880. The firm expects 90% of its sales (in units) to be Product X and 10% to be Product Y (a sales mix of 9:1). Calculate the weighted average contribution margin or contribution margin by package (4 marks) I a. I b. Determine the breakeven point in total units, and how much would come from products X and Y (7 marks) I 1 c. Determine the minimum level of sales (in dollars) necessary to generate operating income of $184,980 (6 marks) I d. Identify and explain 3 separate ways in which the company can use the above information to improve overall profitability

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