The purpose of this assignment is to expose students with the application of Cost-Volume�Profit (CVP) analysis techniques. Your task is to answer the questions for the following scenario. UMK will held the 13th Convocation Ceremony on 4th to 7th November 2023 for the awarding of degrees to graduates. In conjunction with the convocation ceremony, UMK will organize a Convocation Event. It is open to all, especially students, to participate in trade exhibitions and product sales according to their respective interests. UMK will provide booth sites with a rental fee of RM1,000 per site. Your group are interested to join and plan to rent a booth.Provide analysis to calculate the break-even point for different scenarios, for example: i. changes in site rental price, ii. selling price per unit, iii. variable costs per unit and iv. target operating profit.
